XRP on Verge of Support Breakdown? Data Warns “Selling Pressure in Full Control”

▲ XRP (XRP) / ChatGPT-generated image

XRP is testing an upward support line and stands at a crossroads between further decline and a rebound, drawing global investor attention as to whether it can withstand strong selling pressure in the market.

According to crypto-focused outlet U.Today on February 26 (local time), XRP has entered a highly precarious technical zone where it is testing an ascending support line on the chart. The market is already facing intense selling pressure, and overall price action remains under the control of bearish forces. The most urgent question is whether this support line can attract sufficient buying interest to slow the downtrend, or whether it will ultimately collapse under continued pressure.

One of the few structures currently preventing XRP from undergoing a deeper correction is the ascending support line visible on the chart. The recent candles repeatedly attempting to stabilize around this level indicate that buyers are actively stepping in to defend the price. However, with all major moving averages sloping downward and XRP trading below them, market control still favors sellers rather than signaling a long-term recovery.

Defending the support line is not impossible, but the likelihood depends largely on whether market participation increases. Support levels tend to weaken when tested repeatedly without sufficient buying volume. When sell orders continue pressing the same area, multiple touches of support generally erode its reliability.

If the market fails to generate a strong rebound, the current support line may merely delay the next phase of decline rather than reverse the trend. Even if XRP manages to hold the support and achieve a rebound, any upward movement would likely be limited to reclaiming nearby moving averages that are currently acting as resistance. As a result, instead of a sudden bullish reversal, the market is more likely to enter a consolidation phase to build momentum.

*Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on this information. The content should be interpreted solely for informational purposes.*