XRP Price Alert: The RSI Setup That Led To A 60,000% Surge Has Returned

bitcoinistPublished on 2026-06-10Last updated on 2026-06-10

Abstract

Amid XRP's recent sell-off to $1, market watchers note the return of a rare monthly RSI signal that previously preceded massive rallies—like the 60,000% surge in 2017. The RSI is now around 41.6, described as a deep oversold level seen only four times in 13 years. While past signals led to gains between 1,000% and 60,000%, analyst Sam Daodu cautions that those astronomical percentages started from extremely low prices and are unlikely to repeat from today's higher base. A more plausible outcome, according to the report, would be a recovery to the cycle high near $3.65—roughly a 3x move—over the next couple of years. For a move significantly beyond that, fundamental catalysts like the CLARITY Act and genuine ETF demand would be needed. Even if the bottom is in, the report suggests the full rally could take until 2027 to develop.

Amid the recent sell-off that pushed the XRP price to test the key $1 support level, a small window of optimism has started to show up again. The token is beginning to align with a rare monthly relative strength index (RSI) setup that—according to past cycles—has appeared before major, explosive rallies.

According to market expert Sam Daodu, the last three times this signal flashed—in 2017, 2020, and 2022—XRP went on to rally dramatically afterward. The gains in those periods ranged from 1,000% to 60,000%. However, there’s an important caveat: those enormous percentage outcomes started from extremely low price levels.

XRP Price Watch

Sam Daodu identified that XRP’s monthly RSI has fallen to about 41.6. In the report’s framing, that reading is not just low—it’s described as the lowest ever. The RSI level is characterized as a deep-oversold zone that XRP has only reached four times in 13 years.

In theory, oversold conditions can sometimes mark the beginning of a turn, which is why the signal has drawn attention again after the XRP price tested $1. Still, Daodu’s view includes a reality check about expectations.

While the earlier examples of significant price increases may be inspiring, they were driven by market conditions that are not easily replicated. For example, when the XRP price was under a penny in 2017, the subsequent rally carried it to $3.84 — a five-figure percentage gain.

The report argues that simply applying the same percentage-gain math to today’s higher price base would imply XRP reaching prices in the hundreds of dollars—something Daodu suggests is not realistic in the current cycle.

The Next Rally Could Stretch To 2027

So the question becomes: if the pattern “holds,” what outcome is plausible rather than fantasy? In the report’s estimate, reclaiming the $3.65 cycle high over the next year or two would be roughly a 3x move from current levels.

That kind of recovery is presented as believable, assuming broader market sentiment turns in crypto’s favor. Going substantially higher, such as $5 or beyond, is described as requiring more than just a technical bounce for the XRP price.

The report ties that possibility to fundamental catalysts, specifically noting that it would depend on the CLARITY Act passing and exchange-traded fund (ETF) demand genuinely expanding, not only RSI strength returning.

Even if the XRP price bottom is already in, the report suggests the rally that follows could take until 2027 to fully develop. It also adds that a flat price through the summer wouldn’t necessarily break the pattern, because the monthly RSI setup is designed to play out gradually over a longer timeline.

The daily chart shows XRP’s recovery to $1.13 after last week’s crash. Source: XRPUSDT on TradingView.com

Featured image created with OpenArt; chart from TradingView.com

Related Questions

QWhat is the rare technical signal that has reappeared for XRP according to the article, and what historical precedents are cited?

AThe article states that XRP is beginning to align with a rare monthly Relative Strength Index (RSI) setup that has fallen to a deep-oversold zone, around 41.6. Historically, this signal appeared three times before major rallies: in 2017, 2020, and 2022, after which XRP saw gains ranging from 1,000% to 60,000%.

QWhy does market expert Sam Daodu caution against expecting a repeat of the 60,000% surge from the current price level?

ADaodu cautions that the enormous percentage gains in the past (like 60,000%) started from extremely low price levels, such as when XRP was under a penny in 2017. Applying the same percentage math to today's higher price base would imply unrealistic prices in the hundreds of dollars for the current cycle.

QWhat is presented as a more plausible price target for XRP in the next 1-2 years if the pattern holds?

AThe report estimates that a plausible outcome, if the pattern holds and broader market sentiment improves, would be for XRP to reclaim its cycle high of $3.65. This would represent roughly a 3x move from the price levels mentioned in the article.

QAccording to the article, what fundamental developments would be required for XRP to move substantially beyond the $3.65 target, such as reaching $5 or more?

AThe report states that moving substantially higher than $3.65 would require more than just a technical bounce. It would depend on fundamental catalysts, specifically the passing of the CLARITY Act and a genuine expansion in exchange-traded fund (ETF) demand.

QWhat is the suggested timeline for a potential rally to fully develop, even if the price bottom is already in?

AThe article suggests that even if the price bottom for XRP is already in, the subsequent rally could take until 2027 to fully develop. It adds that a flat price through the summer wouldn't necessarily break the pattern, as the monthly RSI setup plays out gradually over a longer timeline.

Related Reads

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

The market's expectation for a September Fed rate hike surged dramatically in early August, jumping from under 50% to over 80% within a week. This shift followed a contentious July FOMC meeting, where a 9-3 vote to hold rates revealed growing dissent from hawkish members advocating for an immediate hike to combat persistent inflation. The primary catalyst for this repricing is rising oil prices, driven by renewed geopolitical tensions around the Strait of Hormuz, which threaten global supply. Energy costs directly influence inflation metrics, making the upcoming July CPI report (due August 12th) a critical data point. If it shows inflation reaccelerating, the probability of a September hike will solidify. For Bitcoin and crypto assets, this is typically bearish news. Bitcoin continues to behave as a high-beta, liquidity-sensitive risk asset. A rate hike raises the opportunity cost of holding non-yielding assets and could drive capital toward money markets, pressuring crypto prices in the short term. However, historical patterns suggest that if a hike is perceived as the end of a tightening cycle rather than the start, any negative price impact may be brief. U.S. stocks, particularly crypto-linked equities like Coinbase and growth-oriented tech stocks, are also vulnerable. Higher rates increase discount rates in valuation models, putting pressure on high-multiple companies. This coincides with a pivotal tech earnings season where investor focus has shifted from massive AI capital expenditure to tangible revenue and cash flow generation. Companies with negative cash flow and weak growth narratives could face heightened volatility if borrowing costs rise in September. In summary, a September Fed hike has evolved into a mainstream market scenario. Key factors to watch are oil prices, the July CPI report, and Fed communications, which will determine the final decision and its impact on volatile crypto and equity markets.

marsbit3m ago

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

marsbit3m ago

A 'Overlooked' Market Event: Joint US-Japan-South Korea Intervention, Rare US Treasury Involvement, and Bessent's Quiet 'Market Rescue'?

Summary: The United States, Japan, and South Korea executed their largest coordinated foreign exchange intervention in nearly 30 years. The action targeted depreciation pressure on the Japanese yen and South Korean won. This move is seen as a significant effort by the US to stabilize the financial markets of its key allies and prevent the spillover of risks. Key details: * Japan reportedly intervened on July 30 using approximately 8.45 trillion yen (about $52.8 billion). South Korean authorities also intervened that day, selling dollars to support the won. * Notably, the US Treasury Department intervened directly in yen markets for the first time in roughly 30 years. The New York Fed, reportedly acting on behalf of the Treasury, sold euros to buy yen via Goldman Sachs and Morgan Stanley on July 31. Analysts view the use of the euro-yen pair as a way to alleviate yen pressure without adding selling pressure to the US dollar. * Prior to the action, the New York Fed conducted "rate checks" on both USD/JPY and EUR/JPY, a newer signaling tool that falls between verbal and physical intervention. The intervention is interpreted as going beyond traditional currency stabilization. Analysts, such as Michael Hartnett of Bank of America, suggest it resembles a "Price Keeping Operation" for the AI era. The core US objectives are perceived to be: 1. Preventing rapid yen depreciation from triggering a sharp rise in Japanese government bond yields. 2. Containing financial stress from spreading across Asian markets like South Korea and Japan. 3. Reducing the risk of disorderly capital flows impacting the US bond market. This coordinated action underscores the importance of Japan and South Korea as critical partners in the US semiconductor and AI supply chain. Stabilizing their financial markets is seen as vital to mitigating risks to the broader tech industry and the US market itself. The intervention coincides with market pressures, including the KOSDAQ index hitting a low since October 2022. While seen as a move to control volatility, some analysts caution it may not fundamentally reverse existing market trends.

marsbit6m ago

A 'Overlooked' Market Event: Joint US-Japan-South Korea Intervention, Rare US Treasury Involvement, and Bessent's Quiet 'Market Rescue'?

marsbit6m ago

Will the Federal Reserve Definitely Raise Interest Rates in September? How Will Cryptocurrencies and US Stocks Bear the Pressure?

In early August 2024, market expectations for a September Federal Reserve rate hike surged dramatically, from below 50% to over 80%, driven by renewed inflation concerns. This shift followed a contentious July FOMC meeting where a 9-3 vote to hold rates revealed a growing hawkish faction advocating for an immediate hike, citing prolonged above-target inflation. The key catalyst is escalating conflict near the Strait of Hormuz, which has pushed oil prices up approximately 20% in July, threatening to reignite inflation. The next critical data point is the July CPI report on August 12th; a hot reading could solidify hike expectations. For crypto assets, particularly Bitcoin, this represents near-term pressure. Bitcoin continues to exhibit high-beta, risk-on characteristics, making it sensitive to tightening liquidity and higher opportunity costs. However, historical precedent suggests that if a hike is perceived as the cycle's end rather than its start, the negative impact may be brief, with markets quickly pivoting to anticipate future rate cuts. U.S. stocks, especially crypto-linked equities like Coinbase and high-valuation tech stocks, face amplified volatility. Higher rates increase discount rates in valuation models, pressuring growth stocks. This coincides with a pivotal tech earnings season where investor focus has shifted from massive AI capital expenditures to demonstrable revenue and cash flow generation. Companies with negative cash flows and weak growth narratives could see severe pressure if a September hike materializes, as financing costs would rise. Key indicators to watch include oil prices, upcoming inflation data, and Fed commentary at events like the Jackson Hole symposium.

Odaily星球日报6m ago

Will the Federal Reserve Definitely Raise Interest Rates in September? How Will Cryptocurrencies and US Stocks Bear the Pressure?

Odaily星球日报6m ago

Trading

Spot
活动图片