XRP has been under pressure for more than a week, leaving traders watching key levels closely to see whether the selloff is running out of steam or if bears still have control.
After falling nearly 12% over the past seven days, XRP is now trading around $1.93. While the token managed a modest daily bounce, broader macro uncertainty including tariff concerns and weak global risk sentiment continues to weigh on crypto markets overall.
Current market setup
One of the most important zones for XRP right now sits between $1.90 and $2.00. This range has consistently shaped trader behavior. On-chain data shows that since mid-2025, every push above $2 has been met with aggressive profit-taking, suggesting many market participants prefer locking in gains rather than adding exposure at higher levels.
As a result, $2 has become a psychological ceiling rather than a launchpad at least for now.
Can XRP rebound from here?
Despite the recent weakness, XRP appears to be stabilizing near $1.85, a level that has historically acted as short-term support. In past pullbacks, this zone has often triggered quick relief bounces, making it a key area for bulls to defend.
Adding a note of optimism, ETF inflows linked to XRP exposure remain steady, pointing to ongoing institutional interest. If broader market conditions improve, this demand could help fuel a stronger rebound. Still, traders remain cautious as long as price struggles to reclaim the $2 mark.
CoinCodex outlook: cautious, not catastrophic
According to CoinCodex’s latest analysis, the technical picture remains tilted to the downside. Of the indicators tracked, 26 are currently bearish compared to just seven bullish.
The platform expects XRP to dip slightly around 0.7% toward the $1.88 level by February 20. While this suggests limited downside rather than a sharp crash, it also implies that a major bullish breakout is unlikely in the immediate term.
Final thoughts
XRP’s short-term outlook now hinges on two critical levels. Holding above $1.85 keeps the recovery narrative alive, while a clean break below that support would likely give bears the upper hand. On the upside, a decisive move above $2 is needed to meaningfully shift sentiment and attract fresh momentum buyers.
XRP may be nearing a turning point, but confirmation is still missing. Institutional interest and historical support offer reasons for cautious optimism, while persistent selling near resistance and macro uncertainty continue to cap upside. For now, the market is watching and waiting.
