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XRP trapped between $1.15 support and heavy supply at $1.50: Whats next?

XRP trapped between $1.15 support and heavy supply at $1.50: Whats next? WikiBit 2026-02-20 06:39

Journalist Posted: February 19, 2026 Bearish control tightened its grip as XRP’s post-December structure steadily unraveled from distribution to forced

Bearish control tightened its grip as XRPs post-December structure steadily unraveled from distribution to forced liquidation.

Sellers controlled Ripple [XRP] from the $2.40 December peak by defending overhead supply and selling into each rebound.

They accelerated downside momentum by dumping through $1.7305, then forced a second breakdown below $1.5017 to trigger stop-loss liquidity.

Source: TradingView

As the price reached $1.15 and tapped the 100% Fib near $1.1479, profit-takers reduced shorts while opportunistic buyers stepped in. That shift fueled the rebound and formed consolidation near $1.43–$1.45.

Meanwhile, bulls bought defensively because the 78.6% Fib at $1.3998 and the $1.15 base offered asymmetric risk. However, they failed to reclaim $1.50–$1.60 as supply reloaded and conviction stayed thin.

MACD remained negative, reflecting persistent trend pressure, while RSI near 42 showed muted demand.

This structure heightened chop risk, discouraging aggressive longs, while rewarding range traders positioning around defined support and resistance.

XRPs range tightens

Leverage fragility defined XRPs consolidation as derivatives signaled pressure beneath the $1.43–$1.45 compression.

At press time, Funding Rates plunged to -0.035% on Binance, showing crowded shorts paying premiums without triggering squeezes.

Source: CoinGlass

This imbalance reinforced seller dominance, especially as supply reloaded near $1.50–$1.60 and capped rebounds.

Meanwhile, the Long/Short Ratio printed 49.1% longs to 50.9% shorts, indicating a slightly bearish or neutral sentiment rather than bullish dominance, yet liquidation data exposed structural weakness.

Moreover, Open Interest collapsed to $2.35 billion from 2025 highs, reflecting exhausted speculative demand rather than constructive positioning.

Options skew leaned defensive as implied volatility rose, concentrating downside hedging near $1.40 and $1.15.

This structure amplified chop risk, discouraged new long positions, and rewarded fades to resistance while keeping liquidation cascades structurally active.

What‘s reinforcing XRP’s defensive structure?

Rising social optimism surrounded XRP as bullish sentiment climbed to a five-week high while consolidation persisted near $1.42.

That sentiment expansion stemmed primarily from partnership growth and utility narratives, which amplified social dominance and retail discourse.

As attention rotated away from Bitcoin [BTC] and Ethereum [ETH], marginal capital flows tilted toward XRP, reinforcing defensive demand near the $1.15 Fibonacci base.

Within this backdrop, Flares 100 million FXRP milestone reinforced the optimism by unlocking structured DeFi yields.

That utility redirected liquid supply into staking and bridge channels, tightening circulation while signaling institutional experimentation.

If yield participation scales alongside network usage, short covering could build toward $1.73. Otherwise, speculative flows may fade, preserving consolidation and exposing downside risk beneath $1.15.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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