Record-Breaking Losses After 39 Months Spark Questions Over Start of XRP’s True Bottom Rally

▲ XRP (XRP) / ChatGPT-generated image ©

XRP (XRP, Ripple) has recorded its largest realized loss in 39 months and is now testing the key support level of $1.30. As selling pressure intensifies, market attention is focused on whether a spark of rebound can emerge at the tail end of the sell-off.

According to CoinMarketCap News on February 23 (local time), XRP is currently trading at $1.37, down 3.53% from 24 hours earlier. During intraday trading, XRP fell to as low as $1.33. This marks a roughly 63% plunge from its all-time high of $3.65 recorded in July 2025, reflecting the broader downturn across the virtual asset market. Meanwhile, according to crypto media outlet CryptoNews, intraday spot trading volume surged 72% from the previous day to $2.35 billion, indicating active market participation despite the sell-off.

Tension is also evident in the derivatives market. Data from CoinGlass shows that futures trading volume rose 39% to $4.02 billion, while open interest increased 2.9% to $2.41 billion. This suggests that traders are aggressively expanding positions as XRP stands at a critical crossroads.

The most striking development is the record-breaking on-chain loss indicator. According to blockchain analytics platform Santiment, XRP has experienced its largest realized loss surge since 2022. About 39 months ago, when losses reached $1.93 billion, XRP subsequently surged more than 100% over the following months. This raises the possibility that once panic-driven retail selling is absorbed, a strong relief rally could unfold.

Technical indicators still point to strong downward pressure. XRP remains below its 20-day moving average and near the lower Bollinger Band. The 14-day Relative Strength Index (RSI) fell to around 30 before rebounding slightly to the mid-30s, signaling a temporary recovery due to short-term oversold conditions. For a shift into an uptrend, the RSI must move above 50.

XRP’s short-term fate hinges on whether it can defend the $1.30 to $1.35 support range. Immediate resistance stands near $1.55, and unless it breaks above the mid-Bollinger Band at $1.42, sellers are likely to retain control. If $1.30 is breached, the price could decline further to $1.20 and potentially to the psychological support level of $1.00.

Disclaimer: This article is for investment reference only and does not assume responsibility for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.