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ABSTRACT The globular cluster ultraluminous X-ray source, RZ 2109, is a complex and unique system that has been detected at X-ray, ultraviolet, and optical wavelengths. Based on almost 20 yr of Chandra and XMM–Newton observations, the X-ray luminosity exhibits order of magnitude variability, with the peak flux lasting on the order of a few hours. We perform robust time series analysis on the archival X-ray observations and find that this variability is periodic on a time-scale of 1.3 ± 0.04 d. The source also demonstrates broad [O iii] λ5007 emission, which has been observed since 2004, suggesting a white dwarf donor and therefore an ultra-compact X-ray binary. We present new spectra from 2020 and 2022, marking 18 yr of observed [O iii] emission from this source. Meanwhile, we find that the globular cluster counterpart is unusually bright in the NUV/UVW2 band. Finally, we discuss RZ 2109 in the context of the eccentric Kozai–Lidov mechanism and show that the observed 1.3 d periodicity can be used to place constraints on the tertiary configuration, ranging from 20 min (for a 0.1 M⊙ companion) to approximately 95 min (for a 1 M⊙ companion), if the eccentric Kozai–Lidov mechanism is at the origin of the periodic variability.