- XRP price correction shows a temporary halt at $1.14, a level coinciding with the bottom trendline of a falling channel pattern.
- Following the Thursday crash, the XRP’s leveraged traders experienced a long liquidation of $59.03 million.
- XRP has slipped beneath its Realized Price benchmark, signaling that the average holder is now underwater.
XRP, the native cryptocurrency of the XRP Ledger, witnessed a massive sell-off of over 20% on Thursday, to currently trade at $1.88. The selling pressure was initiated with recent comment from Treasury Secretary Scott Bessent as he clarified that he does not have the authority to bailout crypto. However, the bearish momentum accelerated as Bitcoin lost $70,000 floor and the derivative market witnessed cascading liquidation. Will XRP price break $1 floor?
Realized Price Breakdown Highlights Rising Risk in XRP Market
The cryptocurrency market is currently enduring one of its worst weeks since the 2022 FTX collapse. As of early February 2026, the crypto participants witnessed significant sell-off, erasing nearly $500 billion in total value in less than a week.
XRP’s market value has just fallen below a key threshold known as the Realized Price. Upward trend investors tried to hold this level but the breach shows supremacy of those wanting lower prices.
This indicator computes the average purchase cost of all tokens that are active, depending on the value recorded in the last transfer of the token using the blockchain network.
Such a measure is influential in measuring holder sentiment. Prices remaining higher than this average often result in the widespread gains among the participants encouraging stability and reluctance to sell. On the flip side of the coin, there is a drop below it that indicates collective unrealized losses which can increase uncertainty, more liquidations, and greater susceptibility to prolonged slumps.
From a wider angle, this Realized Price is a measure of the health of the market as a whole in terms of cryptocurrencies. It aggregates data on a chain to reflect the point where supply and demand pressures shift noticeably. Historical patterns indicate that crossing below this line is often associated with trading environment transitions, where previous zones of support break down and new directions of downtrends appear. For the case of XRP specifically, such development highlights shifting dynamics in its pricing structure in the face of ongoing fluctuations.
XRP Price Seeks Support at the Channel Pattern Floor
Over the past month, the XRP price has experienced a decisive correction from $2.41 to $1.25 trading value, registering a loss of 53%. Consecutively, the asset market cap plunged to a $76.8 billion mark.
The daily chart analysis reveals this downswing as a clear bear cycle within the formation of a falling channel pattern, Since July 2025, two parallel-walking trendlines have acted as dynamic resistance and support for XRP price, driving a steady downtrend.
Interestingly, the coin price recorded a massive sell-off on Thursday of over 20%, but still showcased renewed buying pressure at the pattern’s bottom trendline. Following this correction, daily RSI on the below chart has plunged 18%, which indicates a deep oversold set for this asset.
Historically, this drop has coincided with notable reversal in price, Thus, the coin buyers could attempt a bull cycle within this pattern, and challenge pattern resistance at $1.6 and $1.78.
That said, the XRP price would need a bullish breakout from the channel’s upper boundary, to regain sustainable momentum and drive a higher recovery.
Also Read: Bitcoin Crashes to $70K Amid Tech Panic and ETF Sell-Offs
Credit: Source link
