XRP Under 2026 Downtrend, Now Faces More Selling Pressure – Price Recovery Delayed?
XRP faces increased selling pressure and a bearish outlook, potentially delaying any price recovery as it consolidates under resistance.Summary
XRP has been consolidating sideways, struggling to break free from pressure, with indicators suggesting further decline is possible before recovery. The MVRV Extreme Ratio indicates XRP is undervalued and under pressure, with historical trends suggesting a potential drop to new lows rather than a short-term recovery. Furthermore, a shift in macro momentum shows increasing selling pressure, evidenced by exchange net position changes favoring inflows over outflows, signaling bearish sentiment.
Currently trading between $1.34 and $1.47, XRP remains within a persistent downtrend. If support at $1.34 breaks, the price could fall to $1.21, extending the bearish outlook. Conversely, a sustained move above the $1.47 resistance, fueled by renewed buying momentum, could propel XRP toward $1.58 and potentially $1.70, invalidating the current bearish forecast.
(Source：BeInCrypto)