XRP Under 2026 Downtrend, Now Faces More Selling Pressure – Price Recovery Delayed?

Core Insights - XRP has been experiencing sideways momentum, consolidating between key price levels, indicating difficulty in breaking free from current pressure [1] - The ongoing market conditions suggest that XRP may face further declines before any potential recovery [2] MVRV Extreme Ratio Analysis - The MVRV Extreme Ratio indicates that XRP is currently undervalued and under pressure, remaining below 1.0 for approximately 15% of trading days, which signals a lack of positive momentum [3] - Historically, low MVRV ratios have either led to short-term recoveries or worsened conditions, with current trends suggesting a potential for further declines [4] - The low MVRV ratio reflects investor hesitance to drive prices upward, contributing to weak market sentiment around XRP [8] Macro Momentum Shift - There is a noticeable shift in macro momentum, with overall market sentiment turning bearish, leading to increased selling pressure and a decline in buying momentum [9] - As exchanges report more inflows than outflows, this shift from buying to selling could indicate an imminent downturn for XRP [10] Price Performance and Outlook - XRP is currently trading at $1.35, within a range of $1.34 to $1.47, with persistent downtrend since the beginning of the year [11] - Given the current market conditions, there is a bearish outlook for XRP, with potential to break through the $1.34 support level and possibly fall to $1.21, extending the ongoing downtrend [12]