XRP’s weekly chart is showing a noticeable change in direction as the market moves deeper into early 2026. After a powerful rally in late 2024 that lifted price far above key moving averages, momentum has steadily faded throughout 2025.

TradingView data from Feb 8 places XRP’s weekly close around $1.43, which is now below the 20, 50, 100, and 200 exponential moving averages.

This positioning reflects a sustained corrective trend rather than a short pause. The 200-week EMA, sitting near $1.41, has become the most important long-term level to watch. XRP is hovering just above it, making this zone a major decision point.

Source: TradingView

A close below $1.41 on a weekly basis would likely be a warning signal for further weakness. If support at this level holds, a minor relief rally may be expected in the short term.

Bollinger Bands indicate constant pressure on the price, which is being pushed towards the lower band. The dominant trend remains weak, as indicated by lower highs and lower lows..

Indicators Show Sellers Still Holding Control

Momentum indicators are also supportive of the bearish side. The Relative Strength Index is approximately 31, just above the oversold level. This indicates that the selling is extended, but it doesn’t necessarily mean that a reversal is going to happen.

In strong downtrends, the RSI can remain in the oversold region for a considerable period of time. The RSI remaining below its moving average indicates more weakness than a rebound. On the other hand, the MACD remains negative.

Source: TradingView

The histogram is becoming smaller, and the lines are moving apart, indicating that the selling momentum is increasing. If XRP attempts to have a rebound, it will face strong resistance between $1.72 and $1.86.

In this region, the 20 and 50 EMA intersect, forming a large supply region. To indicate that the trend is stabilizing, this region needs to be reclaimed.

XRP Shows Long-Term Strength Despite Weekly Weakness

Although there was a drop on a weekly basis, crypto market analyst Javon Marks appeared more optimistic about the future on Feb 8. He stated that XRP is experiencing a bounce after testing a previous resistance level, which had happened before large gains.

On a monthly chart, XRP broke out of a containment level after years of being inside a descending pattern. The asset then retested the old trend line before rising.

Source: X

XRP later formed a symmetrical triangle, reflecting the force of both buyers and sellers. The recent breakout above the upper trend line is a sign that the symmetrical triangle was an uptrend.

The current retracement is testing the breakout level, which is a healthy sign. The levels mentioned by Marks are above $15, but that target will depend on XRP’s performance.

Also Read: XRP Crashes Below Realized Price As Bears Take Control

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Filed under: Bitcoin - @ February 9, 2026 12:13 am