XRP Price Struggles Amid Broader Crypto Market Decline
XRP’s price has come under significant pressure, recently trading at $1.40—down 3.16% in the last 24 hours, according to CoinMarketCap data. The cryptocurrency, known for its rapid transaction speeds and low fees, has seen a bearish trend, where it has declined 10.74% over the past week and a staggering 32.97% over the last month. The prevailing sentiment in the crypto market suggests that investors are feeling the weight of broader selling pressures, particularly led by the declining price of Bitcoin and other major altcoins.
Bitcoin’s Influence on Market Sentiment
The plunge in XRP’s price can be attributed largely to the ongoing weakness in Bitcoin, which has dropped approximately 2.50%. As Bitcoin leads the market, selling pressures have naturally spread to altcoins, including XRP. The overall market capitalization for cryptocurrencies has also fallen by 2.50%, now sitting at around $2.34 trillion. This decline signals a risk-off sentiment among traders, who appear cautious in their buying decisions amid current market conditions. Furthermore, the CoinMarketCap Fear & Greed Index remains in "Extreme Fear" at 10, reinforcing caution among traders and limiting buying activities.
Whale Movements Raise Alarm Bells
Adding to the market’s uncertainty, significant movements in XRP from large wallets—often referred to as "whales"—have caught the attention of analysts and traders alike. Whale Alert reported transfers totaling approximately 125 million XRP, valued at over $177 million, moving between unknown wallets. Other transfers included 116 million XRP and 50 million XRP moves to exchange platforms like Bybit. Such large movements can often signal shifts in market sentiment and create additional volatility, as they might reflect either selling pressures or accumulation by large investors.
Technical Analysis: XRP’s Ongoing Downtrend
From a technical analysis perspective, XRP has remained in a medium to long-term downtrend since mid-August 2025 through early February 2026. The cryptocurrency consistently trades below the degrading 200-day moving average positioned close to $1.83. The 50-day moving average recently crossed below the 200-day average, marking a bearish market structure. The selling pressure intensified after XRP fell from the $3.30 range earlier in August, leading to formations of lower highs and lower lows while breaking through multiple support zones. Analysts point out that failed relief rallies have taken place near the resistance levels of $2.25 to $2.30.
Current Market Support Levels and Analyst Projections
In light of recent declines, XRP’s price has settled within a critical support zone around $1.40. While there was a temporary bounce, the buying strength remains limited, pushing traders to analyze key support levels. Crypto analyst Crypto Seth suggests that XRP may be retesting the important 200-week moving average. Should it lose this level, the next potential support area is projected to be near $1.00. Another analyst, Ali, highlights mixed signals from technical indicators, suggesting the possibility of a buy signal, yet warns that the price remains below significant moving averages, maintaining downward pressure.
Future Outlook: The Path Ahead for XRP
Looking ahead, market analysts are cautiously optimistic but stress the importance of holding key resistance and support levels. Analyst CRYPTOWZRD describes XRP’s day-end prices as indecisive, noting that the strength of XRP against Bitcoin could improve if Bitcoin’s dominance further declines. He advises that XRP should maintain above the $1.53 mark for a potential long setup. A retest of the $1.38 support level could serve as a crucial point for a potential rebound. As the market continues to navigate uncertainty and investor sentiment remains apprehensive, the next few days will be critical for XRP in establishing a more stable price trajectory.
In conclusion, while XRP faces significant challenges amid broader market declines and bearish indicators, it’s crucial for traders and investors to remain vigilant, closely monitoring both technical and market sentiment indicators for potential trading opportunities in the turbulent crypto landscape.
