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

XRP-0,51%

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 Liquidity Fails To Recover After Massive October Crash - U.Today

Liquidity in major digital assets like XRP, BTC, ETH, and SOL remains low due to a significant deleveraging event on October 10, which caused a crash and a dramatic decrease in market depth. The aftermath has led to a sustained decline in these assets' liquidity, with potential implications for future institutional price discovery.

UToday58m ago

NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting

Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk. To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not

LiveBTCNews10h ago

Yesterday, the U.S. spot XRP ETF recorded a total net inflow of $9.0939 million in a single day

On April 10, the XRP spot ETF saw a net inflow of $9.0939 million in a single day. Of this, the Bitwise XRP ETF recorded a net inflow of $7.6149 million, and the Franklin XRP ETF recorded a net inflow of $1.4790 million. Total net asset value was $968 million, and the historical cumulative net inflow has reached $1.22B.

GateNews14h ago
Comment
0/400
No comments