XRP’s Critical Juncture: Navigating the $1.50 Support Test Amid Sustained Bearish Pressure
As of early February 2026, the XRP market finds itself at a pivotal technical crossroads. The cryptocurrency has extended a significant 17.5% decline, with its price tumbling to test the crucial $1.50 support level. This move represents an intensification of bearish momentum that has seen the token breach multiple support structures on its descent. The daily chart formation is currently painting a concerning picture for bulls, characterized by a clear pattern of lower highs and lower lows, which confirms the presence of sustained and dominant selling pressure in the market. Technical analysts are closely monitoring the $1.50 zone, identifying it as a critical demand area that must hold to prevent a more severe correction. The market structure has undergone a notable shift; historical areas that once acted as strong demand zones, particularly the price range between $2.00 and $2.20, have now transformed into formidable supply barriers. Recent price action has shown that any attempted rallies towards this region have consistently faltered, being met with aggressive selling. This role reversal—from support to resistance—is a classic technical indicator of a weakened market posture. The prevailing sentiment among analysts is one of caution, warning that any near-term upward price movements are likely to be corrective rallies within a broader bearish trend, or 'corrections,' rather than the initiation of a new bullish phase. The failure of the $1.50 support is widely viewed as a potential trigger for a steeper and more accelerated decline, which WOULD likely target the next significant support levels on the chart. Consequently, the coming days are critical for XRP's medium-term trajectory, as the battle between buyers defending the $1.50 level and sellers aiming to push price lower will determine the next major directional move for the asset.
XRP Extends 17.5% Slide: Can the $1.50 Support Hold Firm?
XRP tumbled to $1.50 as bearish momentum intensified, breaching multiple support levels and testing a critical demand zone. The token's daily chart paints a grim picture—lower highs and lows confirm sustained selling pressure. A failure to hold $1.50 could trigger a steeper decline.
Former demand zones now act as supply barriers, notably the $2.00-$2.20 range where rallies falter. Analysts warn that any upward MOVE remains a correction unless XRP achieves a decisive close above this resistance. Current trading volume surged 35.91% to $4.09 billion amid the sell-off.
Market observers note potential inflection points: BitGuru identifies $1.55-$1.60 as historical buyer territory, with resistance stacked at $1.93 and beyond. The token's 17.5% weekly loss reflects broader market trepidation as traders await either a consolidation bounce or breakdown.
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