XRP Price: Bear Pennant Forms as Whales Move Millions to Binance
TLDR
XRP is trading around $1.33–$1.36 and has fallen roughly 9% over the past week
A bear pennant pattern on the two-day chart points to a possible drop toward $0.80
Over 31 million XRP were sent to Binance on Feb. 21, the largest exchange inflow since Jan. 20
XRP saw modest fund inflows despite $288 million in weekly outflows across the broader crypto market
Key support sits at $1.32; a close below $1.20 could accelerate selling pressure
XRP is trading near $1.33 after falling close to 9% over the past week. The price has slipped below key moving averages as selling pressure builds.
A bear pennant pattern has formed on XRP’s two-day chart. This pattern appears after a sharp price drop, followed by a period of tightening price action. It often signals another leg lower.
The flagpole of the pattern started with XRP’s drop toward the $1.12 zone. Since then, the price has compressed into a narrowing triangle below key moving averages.
Source: TradingView
If XRP breaks down from the pennant, analysts say the next target could be $0.80. That would represent a drop of around 42% from current levels.
Analyst BitGuru noted that $1.22 is a key support level. He said a hold there could lead to a slow recovery, but a break below $1.20 would likely confirm bearish control.
Whale Activity Raises Sell Pressure Concerns
On February 21, more than 31 million XRP were transferred to Binance. CryptoQuant data shows this was the largest single-day inflow to exchanges since January 20.
Source: CryptoQuant
Large holders drove most of that activity. Wallets holding over 1 million XRP sent 14.5 million tokens, while those holding 100,000 to 1 million XRP sent another 14.2 million.
CryptoQuant analyst Darkfost estimated the total represented nearly $45 million in potential sell-side pressure. He said persistent selling could limit XRP’s ability to recover in the near term.
On the hourly chart, XRP faces resistance at $1.3650 and $1.3750. A move above $1.40 would be needed to shift short-term momentum.
Initial downside support sits at $1.3275. A close below $1.32 could open a path toward $1.30 and then $1.28.
Fund Flows Show Mixed Picture
Despite the price weakness, XRP recorded modest inflows last week according to CoinShares. That came as the broader crypto fund market lost $288 million for the fifth consecutive week.
Bitcoin led outflows with $215 million. Ethereum also posted heavy redemptions. XRP was one of the few assets to attract fresh capital.
US investors drove $347 million in total crypto withdrawals. European markets told a different story, with Switzerland, Canada, and Germany combining for over $50 million in inflows.
XRP’s market cap remains above $82 billion with 61 billion tokens in circulation.
#XRP – The 44 EMA Thesis (You Read It Here First) :
Monthly structure is clear:
Price is testing the 44 EMA → historical pain zone
MACRO trend still bullish, but we’re in a corrective phase
3 Paths From Here:
1⃣ Flush scenario:
Monthly close below 44 EMA →… pic.twitter.com/vckh2SJi2g
— EGRAG CRYPTO (@egragcrypto) February 23, 2026
Technical analyst EGRAG CRYPTO is watching the monthly 44 EMA. He says a close below that level could trigger a liquidity sweep toward the $0.65–$0.85 range. If the level holds, he sees a potential relief rally toward $2.20.
XRP last traded at approximately $1.33, with the bear pennant still unresolved on the two-day chart.
The post XRP Price: Bear Pennant Forms as Whales Move Millions to Binance appeared first on CoinCentral.
Filed under: News - @ February 24, 2026 7:21 am