XRP (XRP) is showing signs of a potential bullish reversal after a steep 50% decline over the past month. On February 15, the asset surged 11%, reaching an intraday high of $1.67 and triggering a breakout from a bearish descending trendline that had been in place since January 6, 2026. However, the price was rejected at the $1.67 resistance level, erasing most of its intraday gains and settling near $1.62.
The rally was accompanied by a massive 89% surge in trading volume, pushing total volume to $4.83 billion, indicating heightened trader participation. Technical analysis reveals that for the bullish momentum to be confirmed, XRP needs to close a four-hour candle above the $1.65 level. Achieving this could open the door for another 10% price jump toward the next resistance at $1.80.
Key support and resistance levels are now in focus. On the upside, bulls need to reclaim the $1.58–$1.60 zone, followed by resistance near $1.80 and $1.98–$2.18. On the downside, losing the $1.40 support could invite renewed selling pressure, with critical demand zones located between $1.15 and $1.06.
Derivatives data reinforces the bullish outlook, showing traders have built $124.02 million in long-leveraged positions versus $46.57 million in short positions, indicating bulls currently dominate. Furthermore, on-chain metrics show a sharp decline in XRP exchange reserves by 152 million over the past week, suggesting significant accumulation and movement to private wallets.
Adding to the positive sentiment, spot XRP ETFs in the United States recorded impressive inflows of $4.50 million, signaling fresh institutional capital moving into the asset. The Average Directional Index (ADX) value has reached 33.85, above the key threshold of 25, indicating XRP is showing strong momentum, though the On-Balance Volume (OBV) continues to trend lower, suggesting capital outflow remains a concern.
