XRP remains under pressure within a broader corrective trend, even as regulatory optimism begins to influence short-term sentiment.
XRP is the native digital asset of Ripple, which enables cross-border payments and institutional liquidity solutions. As a result, it continues to be a topic for discussion within the U.S., creating a driving force for price change. At press time, the coin is trading at $1.40 with a decrease of 2.94% over the past 24 hours.
Chart Signals A Decision Point Below $1.46 Resistance
XRP continues to consolidate at $1.39, following a significant drop earlier in February. Price is still below the 20-day simple moving average ($1.46), which also acts as horizontal resistance and mid-bollinger band, typically needing to close XRP over 1.46 for an invalidation of the immediate lower-high structure and potential for an upside break to between 1.60 and 1.65.
Failing to take back the 1.46 area will result in continuation of the broader downtrend, with support at approximately 1.26 and 1.20, respectively, as well as MACD indicators are positive and have had a short up-bounce from the previous trend support. However, the MACD still has not moved above the 0 line, so they continue to show downward momentum.
Also Read: XRP Leaves Clear Breadcrumbs as Macro Breakout Pattern Builds in 2026
Regulatory Sentiment Boost
According to Brad Garlinghouse, he anticipates that U.S. cryptocurrency regulation will take place in early March 2023; he has provided no evidence for his claims. This lack of clarity may also provide opportunities for traders wishing to speculate or allocate to the coin to buy.
If additional momentum continues to be generated legislatively regarding the introduction of cryptocurrency regulations, market participants could consider that regulatory uncertainty is diminishing and therefore, price volatility around significant technical levels could continue to grow.
To sum up, the coin is is endeavouring to find a degree of stability but remains technically in a bearish zone. Confirmation of a break above the critical resistance level of $1.46 will change short-term momentum to a bullish profile, while failure to breach this level may provide an opportunity for a retest at previous lows (e.g., $1.26).
Also Read: XRP’s Brutal 12-Month Reality: Hard Truths Explained
