XRP Takes Cues From Bitcoin, Rebound Limited Without Independent Momentum

▲ Ripple (XRP) ©

XRP (Ripple) has rebounded more than 4% in a single day without any clear project-specific catalyst, entering what analysts describe as a short-term overbought zone.

According to cryptocurrency market tracker CoinMarketCap on February 13 (local time), XRP was trading at $1.41, up 4.18% over the past 24 hours. During the same period, Bitcoin (BTC) rose 4.68%, leading a broader market recovery, while the total cryptocurrency market capitalization increased by 4.21%. The Fear & Greed Index, a gauge of market sentiment, remained at 8 in the “Extreme Fear” zone, yet prices moved in line with a renewed appetite for risk assets.

The recent rally appears to reflect a “beta” market dynamic, closely tracking Bitcoin’s surge rather than stemming from XRP-specific developments. XRP moved almost in tandem with Bitcoin’s rebound, with no notable drivers such as separate project announcements, expanded utility, or a sharp rise in derivatives open interest. Social media sentiment scored 5.06, indicating expectations of net buying, though discussions were largely speculative and focused on price outlooks rather than concrete news.

Short-term technical indicators call for caution. XRP is currently fluctuating around its daily pivot point of $1.41; holding this level could open the possibility of testing the 30-day simple moving average (SMA) at $1.43. However, the 7-day Relative Strength Index (RSI) stands at 71.57, entering overbought territory and signaling potential short-term profit-taking pressure. If the price falls below $1.41, analysts point to the 30-day exponential moving average (EMA) at $1.38 and further support near $1.37 as key levels to watch.

Ultimately, the key variable is whether Bitcoin can sustain its upward trend. Since XRP’s gain has largely ridden on improved market liquidity without generating independent “alpha” momentum, a failure by Bitcoin to maintain strength above $69,000 could quickly amplify pullback pressure. Conversely, if buying volume accompanies a decisive breakout above $1.43, it may be interpreted as a signal of strengthening short-term momentum.

Market experts characterize the current trend as “cautiously bullish, but accompanied by overheating signals.” With fear sentiment at extreme levels, whether this technical rebound evolves into a sustained trend reversal or reverts to a mean-reversion phase will likely depend on the defense of key price levels.

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