XRP Rebounds From $1.27 Low but Market Fear Still Looms Over Recovery

$XRP rebounds from a sharp drop to $1.27 but remains under pressure as broader crypto markets slide amid rising geopolitical tensions, leaving the token vulnerable to renewed downside despite signs of short-term stabilization.

$XRP Climbs From $1.27 Panic Low but Downtrend Still Threatens

At 10:32 on Feb. 28, $XRP is trading at $1.32635 after rebounding from its session low of $1.27066. The recovery marks a notable bounce from the intraday trough, even as the crypto token remains down 2.22% over the past 24 hours. The session high stands at $1.36517, and the latest move suggests buyers stepped in aggressively near the lower end of the recent range.

Despite the bounce, $XRP continues to reflect short-term downside pressure following a rejection near the $1.45 region earlier in the week. A sequence of lower highs and lower lows led to a swift drop toward the lower Bollinger Band near $1.26996 before buyers responded. Price has since climbed back toward the mid-Bollinger level around $1.32928 and is testing the 14-period simple Moving Average (MA) near $1.31786 and the 21-period simple MA around $1.33030. The upper Bollinger Band remains near $1.38861, defining a clear upside boundary if momentum strengthens. Volume expanded during the selloff and has moderated during the rebound, indicating that the recovery is measured rather than impulsive.

$XRP 1-hour price chart on Feb. 28 via Bitstamp.

Geopolitical tensions escalated sharply on Feb. 28 following reports of a joint U.S.-Israeli military operation targeting Iranian infrastructure, coinciding with a broad risk-off reaction across global markets. The uncertainty has driven capital into traditional safe havens, with gold surging to nearly $5,300 per ounce and the U.S. Dollar strengthening as investors seek liquidity. Concerns over oil supply disruptions have added to inflation fears, reinforcing defensive positioning across asset classes.

The pressure has not been isolated to $XRP. Bitcoin fell to a session low of $63,038, breaking below the $64K level, while ethereum dropped to $1,836. Solana slid to approximately $77.15. The broader crypto market shed significant value, as automated trading, shared liquidity, and forced liquidations accelerated declines across major and alternative tokens alike.

Technical indicators for $XRP on a 1-hour chart reflect tentative stabilization after the selloff. The Relative Strength Index ( RSI) is at 46.60, recovering toward neutral territory without reaching overbought levels. The Moving Average Convergence Divergence ( MACD) shows the MACD line near -0.01692 and the signal line around -0.01994, with a positive histogram reading of 0.00302, indicating that downside momentum has begun to ease. Even so, $XRP remains just below the 21-period MA near $1.33030, keeping immediate resistance overhead.

If $XRP can sustain a move above the mid-Bollinger level near $1.32928 and reclaim the 21-period MA around $1.33, the next upside reference would be the upper Bollinger Band near $1.38861. Failure to hold above the $1.32 area, however, could expose the token to another test of the lower band near $1.26996, particularly if broader market weakness persists.