Amid a broader cryptocurrency market sell-off, XRP is demonstrating notable resilience against Bitcoin, maintaining a technical posture that suggests it remains in a long-term bull market on its BTC pair. Despite a brutal 26% single-day drop in its USD valuation this week, the XRP/BTC chart on TradingView shows the asset trading above the crucial monthly mid-Bollinger Band, a level that historically separates bull and bear cycles.
This hold is significant, as the midband has acted as a make-or-break line. In February 2026, XRP is not only closing above it but has printed a green candle after a double rejection wick into the 0.000018 BTC zone—an area that marked cycle bottoms in both 2019 and 2023. On the weekly chart, XRP has stabilized above the lower Bollinger Band and bounced 11% in the last 24 hours, one of the sharpest reversals among major altcoins. The daily structure confirms a full-bodied engulfing candle that has reclaimed the entire previous week's breakdown.
From a technical perspective, if this setup holds, the next logical upside target is near 0.00003293 BTC, which represents the upper Bollinger Band on the monthly chart. This translates to a potential 51% rally from current levels. Barring a monthly close below the midband, XRP/BTC remains one of the few top-10 altcoin pairs still technically in a bull market versus Bitcoin.
Conversely, in USD terms, XRP faces immediate pressure. Trading at $1.43 after an 11.0% daily decline, the asset is holding just above the $1.42 support level but remains below the critical $1.50 threshold referenced in a daily megaphone (broadening) chart structure. The 24-hour trading range is currently defined between $1.42 support and $1.61 resistance, with expanding volatility. A weekly close below $1.50 casts doubt on the integrity of the bullish megaphone structure, making the current support level a key focal point for traders.
