 ▲ XRP (XRP) / AI-generated image © |
XRP has fallen below investors’ average purchase price, the cost basis, spreading fears of a breakdown below the $1 level. However, attention is turning to the SOPR indicator, often regarded as a bottom signal, which suggests the possibility of a rebound. As recent price declines have pushed investors into loss territory, analysts note that additional selling pressure may begin to ease.
According to crypto-focused media outlet Finbold on February 10 (local time), XRP has declined by 25% so far in 2026 and is currently trading around $1.41. While this has raised concerns that the price could fall below $1 for the first time since November 2024, on-chain data is signaling a potential trend reversal driven by oversold conditions.
The key factor is that the SOPR (Spent Output Profit Ratio) has dropped below 1. A SOPR reading under 1 means investors are selling coins at a loss. Typically, in this range, investors become reluctant to realize further losses and begin to withdraw supply from the market. This behavior reduces selling pressure and increases upward momentum, often interpreted as a signal of a market bottom.
From a technical perspective, XRP is holding above the $1.39 support level as it seeks stability. If overall market sentiment, including Bitcoin (BTC), shifts toward recovery, XRP is likely to attempt a rebound targeting the resistance range between $1.47 and $1.56.
Global investment bank Bernstein also noted in a recent report that current bearish views on Bitcoin are fragile, forecasting that Bitcoin could reach $150,000 by 2026. Such optimistic institutional outlooks could positively influence investor sentiment across the altcoin market, including XRP.
Nevertheless, extreme fear still dominates the market and remains a key variable. There is also a risk that any rebound could turn out to be a bull trap rather than a sustained recovery. As a result, investors are advised to approach the market with caution while closely monitoring broader sentiment.
*Disclaimer: This article is for investment reference only, and no responsibility is accepted for any losses incurred based on its content. The information provided should be interpreted for informational purposes only.*