XRP 1, 2, 3 Monthly RSI Formation Progresses—What Does History Say?

The XRP RSI is forming a familiar pattern on the monthly timeframe, and history suggests it precedes an impulsive move upwards.

Analyst EGRAG Crypto identified this trend in his recent X post, highlighting its significance to the XRP price trend. Notably, the RSI formation usually precedes a significant price move, and the market technician seems upbeat that a similar scenario would recur.

Key Points

• Analysis from EGRAG Crypto highlighted that a 1, 2, 3 formation is developing on the monthly XRP RSI.
• This has happened twice before in XRP’s history, both times preceding a notable price shift.
• The first instance of this formation occurred between late 2019 and mid-2020, and the second between June and December 2022.
• Analysis shows that the monthly RSI appears to have made its first low, dropping to 45.35 in February.
• If history repeats, the second and third retests could occur, with the analysis setting a target of September 2026 for their actualization.

XRP Monthly RSI Formation

EGRAG highlighted that a 1, 2, 3 formation is developing on the monthly XRP RSI. An accompanying chart provided further context using historical data.

This has happened twice before in XRP’s history, both times preceding a notable price shift. Specifically, the RSI makes three distinct downward movements within a range, each labeled 1, 2, and 3. Notably, this pattern signals strength, as the RSI holds above the range’s support despite downward pressure.

The first instance of this formation occurred between late 2019 and mid-2020. The monthly RSI made a low of 44.25 in December 2019. It rebounded to 46.22 a month later but revisited the range’s low in March 2020, dropping to 43.75.

Again, it rebounded but couldn’t sustain this trend. By June 2020, the RSI dropped again to 44.01, but the support proved strong once more. The analyst labeled the support visits as 1, 2, and 3.

Notably, what followed was a breakout to reach 73.69 in April 2021. Meanwhile, between the time of this breakout in July 2020 and the peak in April 2021, XRP rallied from $0.175 to a high of $1.97, representing a 1,025% increase.

Familiar RSI Pattern Forming

The second instance occurred between June and December 2022. In this case, the XRP monthly RSI dropped to 43.90 in June 2022 but found support within a range. After a brief rebound, it dropped to 43.98 a month later, but the area cushioned further weakness.

By December 2022, it was back at this range support, dropping to 44.42. Subsequently, the RSI broke out, peaking at 84.40 in January 2025. During the two-year period, the price of XRP moved from $0.338 to a high of $3.39, marking a 903% growth.

EGRAG highlighted that this pattern is repeating. The chart shows that the monthly RSI appears to have made its first low. In February, it dropped to 45.35, with the analyst marking it as 1.

If history repeats, the second and third retests could occur, with the analysis setting a target of September 2026 for their actualization. A break above 50 would confirm this breakout, with the target a surge to 80.

Typically, a surge in RSI is reflected in an asset’s price, and XRP has historically risen after the 1, 2, 3 formation. If history repeats, then XRP could surge with the RSI.