XRP’s $1.27 Tango: A Dance of Doubt

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XRP, ever the dramatic performer, makes a brief return from its $1.27 abyss, though the crowd remains skeptical of its encore. The crypto stage is set for more chaos, with geopolitical tensions playing the role of the villain.

XRP Climbs From $1.27 Panic Low but Downtrend Still Threatens

At 10:32 on Feb. 28, XRP is trading at $1.32635 after rebounding from its session low of $1.27066. The recovery marks a notable bounce from the intraday trough, even as the crypto token remains down 2.22% over the past 24 hours. The session high stands at $1.36517, and the latest move suggests buyers stepped in aggressively near the lower end of the recent range.

Despite the bounce, XRP continues to reflect short-term downside pressure following a rejection near the $1.45 region earlier in the week. A sequence of lower highs and lower lows led to a swift drop toward the lower Bollinger Band near $1.26996 before buyers responded. Price has since climbed back toward the mid-Bollinger level around $1.32928 and is testing the 14-period simple Moving Average (MA) near $1.31786 and the 21-period simple MA around $1.33030. The upper Bollinger Band remains near $1.38861, defining a clear upside boundary if momentum strengthens. Volume expanded during the selloff and has moderated during the rebound, indicating that the recovery is measured rather than impulsive.

XRP 1-hour price chart on Feb. 28 via Bitstamp. A tale of two prices, if you will.

Geopolitical tensions escalated sharply on Feb. 28 following reports of a joint U.S.-Israeli military operation targeting Iranian infrastructure, coinciding with a broad risk-off reaction across global markets. The uncertainty has driven capital into traditional safe havens, with gold surging to nearly $5,300 per ounce and the U.S. Dollar strengthening as investors seek liquidity. Concerns over oil supply disruptions have added to inflation fears, reinforcing defensive positioning across asset classes.

The pressure has not been isolated to XRP. Bitcoin fell to a session low of $63,038, breaking below the $64K level, while ethereum dropped to $1,836. Solana slid to approximately $77.15. The broader crypto market shed significant value, as automated trading, shared liquidity, and forced liquidations accelerated declines across major and alternative tokens alike.

Technical indicators for XRP on a 1-hour chart reflect tentative stabilization after the selloff. The Relative Strength Index ( RSI) is at 46.60, recovering toward neutral territory without reaching overbought levels. The Moving Average Convergence Divergence ( MACD) shows the MACD line near -0.01692 and the signal line around -0.01994, with a positive histogram reading of 0.00302, indicating that downside momentum has begun to ease. Even so, XRP remains just below the 21-period MA near $1.33030, keeping immediate resistance overhead.

If XRP can sustain a move above the mid-Bollinger level near $1.32928 and reclaim the 21-period MA around $1.33, the next upside reference would be the upper Bollinger Band near $1.38861. Failure to hold above the $1.32 area, however, could expose the token to another test of the lower band near $1.26996, particularly if broader market weakness persists.

FAQ 🧭

  • Why is XRP under pressure despite a rebound?
    Broader geopolitical tensions and a marketwide crypto selloff have weighed on sentiment even as short-term technicals stabilize. A drama, if you will, with no clear resolution.
  • What key resistance level should investors watch for XRP?
    The area near the 21-period MA and upper Bollinger Band marks critical overhead resistance for a sustained recovery. A cliffhanger, perhaps?
  • Is the recent bounce a confirmed trend reversal?
    Indicators show easing downside momentum but not a decisive shift out of the short-term downtrend. A mere intermission in the tragedy.
  • How could broader market weakness impact XRP next?
    Continued risk-off flows could push XRP back toward its lower support band if buying interest fades. The curtain may yet fall again.

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2026-02-28 19:57