XRP’s $1.30 Test: 39-Month Losses Spark Panic!

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Oh, XRP, ever the resilient phoenix, now finds itself perched on the $1.30 branch, while the market’s collective breath holds in anticipation of the next dramatic turn. A 39-month high in realized losses, and yet, the world continues to spin-though perhaps not as swiftly as it once did.

  • XRP is down across major timeframes and has retraced sharply from its 2025 high. A feat akin to a dachshund chasing its tail-endless, futile, and slightly alarming.
  • On-chain data shows the largest realized loss spike since 2022. A record so impressive, it’s practically a trophy for the most dramatic exit in crypto history.
  • The $1.30 level is now the key support to watch. Because nothing says “excitement” like a number that might as well be a magic spell.

XRP was trading at $1.32 at press time, down 4.7% in the past 24 hours. A 4.7% drop is the crypto equivalent of a polite nod followed by a swift kick in the shins.

XRP (XRP) has now retraced about 62% from its July 2025 all-time high of $3.65, closely reflecting the wider crypto market which has struggled to pick up pace. The market, it seems, is taking a nap, and XRP is politely waiting for it to wake up.

Spot activity has picked up despite the price drop. XRP recorded $2.35 billion in 24-hour trading volume, up nearly 72% from the previous day, pointing to a rise in market participation during the sell-off. Because nothing says “I’m thrilled” like a 72% increase in trading volume during a meltdown.

Derivatives data from CoinGlass shows futures volume up 39% to $4.02 billion, while open interest rose 2.9% to $2.41 billion. Traders are adding positions as if they’re playing a game of Jenga with their savings.

On-chain losses spike as fear intensifies

On Feb. 22, blockchain analytics firm Santiment reported that XRP has recorded its largest on-chain realized loss spike since 2022. A milestone so significant, it’s almost as if the universe paused to take a bow.

The previous weekly realized loss peak, around -$1.93 billion, occurred 39 months ago. Following that event, XRP went on to rally more than 100% over the next several months. A reminder that even the darkest of days can lead to a 100% recovery-though likely not in your lifetime.

📉 BREAKING: XRP has seen its largest on-chain realized loss spike since 2022. When the previous weekly milestone of -1.93B in realized losses occurred 39 months ago, $XRP proceeded to jump +114% over the next 8 months.

💸 Significant realized losses happen when a large number…

– Santiment (@santimentfeed) February 21, 2026

Realized losses rise when investors sell tokens below their purchase price. This frequently occurs during sell-offs driven by panic. It can indicate that weaker holders are leaving the market, even though it also shows fear. A paradox so profound, it could make a philosopher weep.

In the past, there have been notable increases in realized losses near market bottoms. Under such conditions, there are fewer sellers left to drive prices down after the majority of emotional selling has occurred. That can raise the likelihood of a relief move, but it does not ensure an instant rebound. Because nothing in crypto is ever guaranteed, except for the occasional heart attack.

XRP price technical analysis

The daily chart shows a clear sequence of lower highs and lower lows since the January bounce. XRP trades below its 20-day moving average and has been riding the lower Bollinger Band, which points to sustained downside pressure. A chart so bleak, it makes a gloomy cloud look optimistic.

The $1.30-$1.35 area is the main level to watch. Price briefly dipped below $1.30 and recovered, showing some reactive buying. A flicker of hope in a sea of despair, much like a single candle in a hurricane.

The relative strength index dropped near 30 and is now in the mid-30s. There is no verified bullish divergence, but this points to a slight oversold bounce. Recovery strength would increase if the RSI rose above 50. A goal as elusive as a unicorn in a cryptocurrency conference.

Immediate resistance sits between at about $1.55. The mid-Bollinger Band near $1.42 acts as the first hurdle. Until XRP reclaims that level, sellers retain short-term control. On the downside, a daily close below $1.30 could expose $1.20, followed by the psychological $1.00 level. A descent so steep, it could make a rollercoaster jealous.

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2026-02-23 10:36