XRP MACD drops to historic lows, price approaches key support: bottoming out or a new round of decline?

XRP2,6%

The MACD histogram on the XRP monthly chart has fallen to -0.1234, hitting a new all-time low and indicating that the bearish momentum has reached an unprecedented level. This signal appeared after XRP broke below the $1.60 support level, with market sentiment remaining under pressure. On January 29, XRP briefly rebounded to $1.91, but selling pressure quickly returned, and the price lost the key area on January 30, hitting a new low since November 2024.

After entering February 2026, XRP retreated again, declining 3.39% for the month and potentially marking the first five consecutive months of decline since 2016. The continuously weakening price structure caused the monthly MACD histogram to plunge sharply, far below the previous low of -0.0822 in August 2022. At that time, the market was in a panic phase following the Terra collapse, and XRP subsequently experienced a staged rebound.

Market analyst Chart Nerd pointed out that the current reading indicates the selling dominance is still ongoing. In terms of price, XRP has fallen from above $2 in mid-January to below $1.9, $1.8, and $1.7, and is currently hovering around $1.59. Since the high last year, the cumulative decline has exceeded 44%, with a clearly weak technical structure.

The MACD is in an extremely negative zone, which not only signifies unprecedented selling intensity but also suggests the market may be oversold. Historically, such signals sometimes accompany short-term rebounds, but they do not always mark the true bottom. In 2019, deep negative values also continued downward, indicating that risks have not been fully released.

For traders, this stage is more like a crossroads of trend confirmation and sentiment correction. If XRP cannot quickly regain and hold above $1.60, the price may continue to be pressured; however, if subsequent momentum shows signs of recovery, a technical rebound window will open. The market is waiting for new directional guidance.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Long Liquidations Jump as Crypto Market Loses $285M

Key insights XRP long traders lost $3.22 million in 24 hours, far exceeding short losses, as liquidation imbalance surged to 537% overall today. Although XRP rose 0.37% to $1.31, traders expecting a stronger rebound toward $1.50 instead faced rapid liquidations across exchanges

CryptoNewsLand2h ago

XRP Stabilizes Near Key Levels Amid Fed Pressure and Rule Shift

Key Insights XRP stabilized near $1.31 as macroeconomic pressures and declining liquidity combined to limit recovery momentum and increase short-term volatility risks significantly. Proposed stablecoin regulations favor utility models, positioning RLUSD for growth while reducing incentives t

CryptoNewsLand3h ago

Altcoin XRP Nears Closing a Historic Wave 3 Breakout, Wave 4 and 5 Could Bring $8.5 ATH

Altcoin XRP nears closing a historic wave 3 breakout.  Wave 4 and 5 could bring XRP to a new ATH price this year.  The first bullish XRP ATH target expected is at the price of $8.5. Reputed crypto and altcoin analysts have been growing more eager by the day, specifically because

CryptoNewsLand6h ago

XRPL Validator Sounds Alarm to XRP Users on Social Engineering Threat - U.Today

XRP Ledger validator Vet warns the XRP community after a social engineering scam drained $280 million from Solana's Drift Protocol, highlighting the need for caution and vigilance among builders in light of increasing crypto vulnerabilities.

UToday10h ago
Comment
0/400
No comments