XRP MACD drops to historic lows, price approaches key support: bottoming out or a new round of decline?

XRP-4,88%

The MACD histogram on the XRP monthly chart has fallen to -0.1234, hitting a new all-time low and indicating that the bearish momentum has reached an unprecedented level. This signal appeared after XRP broke below the $1.60 support level, with market sentiment remaining under pressure. On January 29, XRP briefly rebounded to $1.91, but selling pressure quickly returned, and the price lost the key area on January 30, hitting a new low since November 2024.

After entering February 2026, XRP retreated again, declining 3.39% for the month and potentially marking the first five consecutive months of decline since 2016. The continuously weakening price structure caused the monthly MACD histogram to plunge sharply, far below the previous low of -0.0822 in August 2022. At that time, the market was in a panic phase following the Terra collapse, and XRP subsequently experienced a staged rebound.

Market analyst Chart Nerd pointed out that the current reading indicates the selling dominance is still ongoing. In terms of price, XRP has fallen from above $2 in mid-January to below $1.9, $1.8, and $1.7, and is currently hovering around $1.59. Since the high last year, the cumulative decline has exceeded 44%, with a clearly weak technical structure.

The MACD is in an extremely negative zone, which not only signifies unprecedented selling intensity but also suggests the market may be oversold. Historically, such signals sometimes accompany short-term rebounds, but they do not always mark the true bottom. In 2019, deep negative values also continued downward, indicating that risks have not been fully released.

For traders, this stage is more like a crossroads of trend confirmation and sentiment correction. If XRP cannot quickly regain and hold above $1.60, the price may continue to be pressured; however, if subsequent momentum shows signs of recovery, a technical rebound window will open. The market is waiting for new directional guidance.

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