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XRP Commodity Channel Index Hits Most Oversold Level Since the 2020 COVID Crash
The monthly $XRP Commodity Channel Index (CCI) has dropped to its lowest level in six years, closing way below the -100 baseline in June.
The decline came amid a weak close in June, when the indicator stood at -134.61 following a nearly 22% drop in $XRP ’s price for the month. This made June the asset’s worst monthly performance since February 2025.
$XRP Commodity Channel Index Hits 6-Year Low
While $XRP has opened July with a small rebound, rising 0.61% to trade at $1.04487, the CCI has collapsed further this new month, currently sitting at -137.30.
For context, when the CCI falls below -100, it usually points to oversold conditions. At -137.30, $XRP now sits far below its 20-period average, suggesting that the current level of selling may not last for long.
The last time $XRP ’s CCI reached a similar level was in March 2020, during the COVID-19 market crash, when the price dropped below $0.20. During this period, the Commodity Channel Index crashed to -140.67, marking $XRP ’s bottom for that downturn.
After the crash, $XRP ’s price recovered considerably and climbed to around $1.96 within the following year. While it is important to consider this historical context, it does not necessarily mean the same kind of recovery will happen again.
How the Current Decline Compares to 2020
The 1-month chart shows a similarity between the CCI low in March 2020 and the one recorded in June 2026, as both sit at nearly the same depth below the oversold level.
However, the reasons behind the two drops are different. In 2020, the market fell quickly due to an external shock and then recovered just as fast. This time, $XRP has been moving down gradually since Q4 2025 within a falling channel.
The CCI also shows a secondary signal line at -3.69, as the main CCI remains at -137.30. The gap between these two lines creates room for a possible crossover, which traders often see as an early sign of recovery.#Write2Earn $XRP
XRP Commodity Channel Index Hits Most Oversold Level Since the 2020 COVID Crash
The monthly $XRP Commodity Channel Index (CCI) has dropped to its lowest level in six years, closing way below the -100 baseline in June.
The decline came amid a weak close in June, when the indicator stood at -134.61 following a nearly 22% drop in $XRP ’s price for the month. This made June the asset’s worst monthly performance since February 2025.
$XRP Commodity Channel Index Hits 6-Year Low
While $XRP has opened July with a small rebound, rising 0.61% to trade at $1.04487, the CCI has collapsed further this new month, currently sitting at -137.30.
For context, when the CCI falls below -100, it usually points to oversold conditions. At -137.30, $XRP now sits far below its 20-period average, suggesting that the current level of selling may not last for long.
The last time $XRP ’s CCI reached a similar level was in March 2020, during the COVID-19 market crash, when the price dropped below $0.20. During this period, the Commodity Channel Index crashed to -140.67, marking $XRP ’s bottom for that downturn.
After the crash, $XRP ’s price recovered considerably and climbed to around $1.96 within the following year. While it is important to consider this historical context, it does not necessarily mean the same kind of recovery will happen again.
How the Current Decline Compares to 2020
The 1-month chart shows a similarity between the CCI low in March 2020 and the one recorded in June 2026, as both sit at nearly the same depth below the oversold level.
However, the reasons behind the two drops are different. In 2020, the market fell quickly due to an external shock and then recovered just as fast. This time, $XRP has been moving down gradually since Q4 2025 within a falling channel.
The CCI also shows a secondary signal line at -3.69, as the main CCI remains at -137.30. The gap between these two lines creates room for a possible crossover, which traders often see as an early sign of recovery.#Write2Earn $XRP