XRP Plunges: Historic MACD Signal Sparks Alarm
This week, XRP depreciated by 17.94 per cent with a historic MACD indicator sitting on the market; the traders are keeping a keen eye on the support mark of 1.30 amidst market disarray.
XRP trades at $1.57 on February 4, 2026. The cryptocurrency was down 2.63% over the last 24 hours, with the market capitalisation being $95.5billion.
As ChartNerdTA on X shows, XRP has never charted as high as the lowest monthly histogram reading of its MACD had. This finding was posted on Tuesday by the technical analyst, indicating that the trend could be exhausted.
Source: ChartNerdTA
The MACD histogram is used to calculate momentum between moving averages. The reversals leading to extreme readings tend to follow, and ChartNerdTA indicated a startle of the first order.
Critical Support Zone Emerges
XRP has been defended by the Supertrend indicator since 2022. This was pointed out by ChartNerdTA on X on Tuesday evening and indicates that the uptrend is still intact in February 2026.
Source: ChartNerdTA
The Supertrend has been supportive of the bullish action as ChartNerdTA tweeted on X. At 1.30, the next support level would be important should 1.50 be broken, and retesting would probably be the final step in the correction.
XRP lost 0.54% in one hour. The 7-day downfall was 17.9,4 and selling pressure escalated throughout the crypto markets.
You might also like: Ripple Enters Execution Phase at Mastercard as Blockchain Settlement Expands
Broader Market Weakness Weighs
Weekend selloffs stimulated 2.2 billion in futures selloffs. Bitcoin fell below the major support levels, and the trading sessions were dominated by risk-off.
XRP is met with opposition on several fronts. The 200-day moving average is at 2.20, and hence any recovery will need to breach $2.00.
According to prediction markets, XRP’s value will remain less than $2 by the month of February. Historical evidence reveals that the month of February is a poor period, and the average median returns are lost to history to the tune of negative 8 per cent.
The traders closely observe the Supertrend support at $1.30. A failure would only increase the losses, and the MACD signal on ChartNerdTAis a technical worry. Bulls are not in a favourable market environment.
The post XRP Plunges: Historic MACD Signal Sparks Alarm appeared first on Live Bitcoin News.
You May Also Like
XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says
Republicans are 'very concerned about Texas' turning blue: GOP senator
Wormhole token soars following tokenomics overhaul, W reserve launch
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more