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$XRP has faced a period of sideways momentum over the past month, with its price consolidating between key levels. This range-bound movement suggests that the altcoin has been struggling to break free from the pressure that led to its current consolidation.
Given the ongoing market conditions, $XRP could face further decline before any potential recovery.
$XRP Faces Extreme Pressure
The MVRV Extreme Ratio, which measures the relationship between market value and realized value, indicates that $XRP is undervalued and under pressure. Currently, the MVRV has been below 1.0 for approximately 15% of trading days, signaling a lack of positive momentum.
Historically, this metric has either led to short-term recoveries or worsened the situation further, potentially driving $XRP to new lows. Based on current trends, $XRP may face the latter scenario, with continued downward pressure.
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$XRP MVRV Extreme Values">
In this context, the low MVRV ratio suggests that investors are hesitant to drive the price upward, and the market sentiment around $XRP remains weak. Unless a significant catalyst emerges, the undervaluation reflected by this metric could continue to suppress $XRP’s price in the near term.
$XRP is also facing a shift in macro momentum, as the overall market sentiment appears to be turning bearish. The exchange net position change highlights an increase in selling pressure, with a decline in buying momentum.
As exchanges begin to register more inflows than outflows, the shift from buying to selling could signal that a downturn is imminent for $XRP. This change in dynamics could put further strain on the altcoin, as it struggles to maintain upward momentum.
$XRP Exchange Net Position Change. ">
As buying slows down and selling picks up, $XRP could see its price slip further. This shift in the macro momentum highlights the current market instability, which could contribute to a prolonged downtrend for $XRP in the coming months.
$XRP Price May Struggle To Recover
At the time of writing, $XRP is trading at $1.35, caught within a range between $1.34 and $1.47. The downtrend that has persisted since the beginning of the year remains intact, with the cryptocurrency struggling to break free from the range. This resistance at $1.47 has proven difficult to overcome, while support at $1.34 has been tested multiple times.
Given the current market conditions and the pressure indicated by the MVRV ratio and macro momentum, $XRP faces a bearish outlook in the short term. The price could break through the $1.34 support level, potentially falling to $1.21. This would signal a deeper decline and extend the ongoing downtrend, increasing the pressure on the altcoin.
$XRP Price Analysis. ">
However, if $XRP holders manage to find support from investors and buying momentum resumes, the altcoin could break through the $1.47 resistance level. A move above this level could propel $XRP to $1.58, invalidating the bearish outlook and signaling the potential for a reversal. If $XRP manages to sustain upward momentum, it could eventually target $1.70, marking a complete shift in market sentiment.
The post $XRP Under 2026 Downtrend, Now Faces More Selling Pressure – Price Recovery Delayed? appeared first on BeInCrypto.
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