Falls Faster Than Bitcoin XRP’s High Beta Risk Becomes Reality

XRP (Ripple) posted a drop of more than 3% in a single day, underperforming the broader market, largely due to a combination of overall risk-off sentiment linked to Bitcoin’s decline and overlapping technical weakness rather than coin-specific negative developments.

According to CoinMarketCap on February 11 (local time), XRP traded at $1.40, down 3.80% over 24 hours, showing a weaker performance than Bitcoin, which fell 2.38% over the same period. As the total cryptocurrency market capitalization shrank 2.65% in a day, XRP, as a high-beta asset, appeared to amplify the broader market downturn.

Overall market sentiment remains in a phase of extreme fear. The Fear and Greed Index recorded 10, signaling a clear risk-averse stance, and a typical pattern emerged in which altcoins experienced sharper corrections than Bitcoin. No notable XRP-specific catalysts were observed during this downturn.

From a technical perspective, short-term bearish signals have become clear. XRP’s price fell below both the 7-day moving average at $1.44 and the 30-day exponential moving average at $1.72, confirming a downward trend. The Relative Strength Index (RSI) stands at 35.15, approaching oversold territory but not yet providing a clear reversal signal.

Declining trading volume is another burden. Spot trading volume dropped 37.18%, indicating more of a disappearance of buying interest than aggressive capitulation selling. While this may limit the risk of a sharp plunge, it also suggests a lack of momentum to drive a short-term rebound.

In the near term, market attention is focused on the $1.36 level. This area corresponds to the 78.6% Fibonacci retracement, and if support holds, there is room for a technical rebound toward $1.54. Conversely, a break below $1.36 could open the door to a retest of the recent low at $1.13.

Disclaimer: This article is for investment reference only, and no responsibility is assumed for investment losses based on it. The content should be interpreted solely for informational purposes.