XRP Tests Support After 4% Fall: Will It Stay in the Red and Extend the Slide?

TheNewsCryptoОпубликовано 2026-02-23Обновлено 2026-02-23

Введение

The cryptocurrency market is experiencing a downturn, with XRP declining over 4% in the last 24 hours. After trading between $1.42 and $1.33, it is now at $1.36. Technical analysis indicates it is testing a key support level at $1.24. A break below this could lead to a further drop toward $1.10. Conversely, if bullish momentum returns, the price could target resistance at $1.46 and potentially rise above $1.57. Key momentum indicators are bearish: the MACD is below zero, the CMF shows capital outflow, the RSI is in oversold territory at 30.36, and the Bull Bear Power indicates seller dominance. The overall market structure remains negative.

With over 3% loss in the crypto market, the majority of the digital assets are charted in red. The price actions are losing momentum, and the largest assets, Bitcoin (BTC) and Ethereum (ETH), are hovering on the downside. Among the altcoins, Ripple’s XRP has strengthened its position within the bearish trap, posting a drop of over 4.66% in the last 24 hours.

A steady bearish correction could trigger more losses. In the early hours, the asset traded at a high of $1.42, and its lowest range was marked at $1.33, with the bears taking control. Besides, as per CMC data, XRP trades at $1.36, with its trading volume having surged by over 65% to $2.28 billion. The market has seen $11.15 million worth of liquidation of XRP.

Zooming in on the 4-hour price chart of XRP, it shows the downturn, with its price moving down to the support level of $1.24. If the bears gained more traction, they may initiate the emergence of the death cross and send the asset’s price toward $1.10 or even lower.

Conversely, assuming the XRP bulls re-enter the market, the price could mount and hit the initial resistance at the $1.46 mark. Upon the upside pressure strengthens, the golden cross might take place, and likely drive the price movement upward above the $1.57 zone.

Are XRP’s Momentum Indicators Hinting at an Extended Pullback?

XRP’s Moving Average Convergence Divergence (MACD) line and the signal line are settled below the zero line. This positioning hints at sustained downside momentum. As the broader market structure is negative, a steady bullish reversal is necessary to turn the chart positive.

In addition, the Chaikin Money Flow (CMF) indicator found at -0.01 exhibits very mild selling pressure in the XRP market. With the value being below zero, the capital is flowing out of the asset. Also, the momentum remains largely balanced, having a brief bearish tilt.

The daily Relative Strength Index (RSI) at 30.36 signals that XRP is hovering in oversold territory, and the bearish momentum is elevated. Though a technical bounce could emerge if the buyers step in. Moreover, XRP’s Bull Bear Power (BBP) reading of -0.1079 implies a moderate to strong bearish dominance. Significantly, the sellers are in control, and the downside momentum is building.

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Связанные с этим вопросы

QWhat is the current price of XRP and how much has it dropped in the last 24 hours?

AXRP is currently trading at $1.36 and has dropped by over 4.66% in the last 24 hours.

QWhat are the key support and resistance levels mentioned for XRP's price movement?

AThe key support level is at $1.24, with a potential further drop to $1.10 if bearish pressure continues. The initial resistance level is at $1.46, with a higher target of $1.57 if bullish pressure returns.

QWhat does the MACD indicator's position below the zero line suggest for XRP?

AThe MACD line and signal line being settled below the zero line indicates sustained downside momentum for XRP.

QWhat is the significance of the RSI reading at 30.36 for XRP?

AAn RSI reading of 30.36 signals that XRP is in oversold territory, indicating elevated bearish momentum but also the potential for a technical bounce if buyers step in.

QWhat does the Chaikin Money Flow (CMF) value of -0.01 indicate about the XRP market?

AA CMF value of -0.01 indicates very mild selling pressure and that capital is flowing out of the XRP asset.

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XRP Tests Support After 4% Fall: Will It Stay in the Red and Extend the Slide?

Введение

Are XRP’s Momentum Indicators Hinting at an Extended Pullback?

Связанные с этим вопросы

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