Is XRP Near a Turning Point? Oversold Readings Clash With Key $1.50 Resistance

XRP is approaching mid-February caught between technical stress and renewed accumulation. After one of its sharpest sell-offs in months, the token has rebounded from recent lows but remains capped below a key resistance zone near $1.50.

Oversold Signals and Capitulation Volumes

Technical analysts point to unusual momentum conditions. On the weekly chart, XRP’s Relative Strength Index fell to levels historically associated with market bottoms rather than routine pullbacks.

Analysts such as STEPH IS CRYPTO note that these readings often reflect selling exhaustion, though they do not guarantee an immediate reversal.

Volume data adds weight to that view. During the February 5 crash, XRP recorded its highest single-day trading volume on Coinbase in nearly a year, a pattern some analysts associate with capitulation.

Blockchain Backer, who had warned of a downturn earlier in January, argues that such spikes often mark the later stages of a decline, even if prices still consolidate or retest lows afterward.

XRP Dip Buyers Step In as Institutions Hold Interest

While retail sentiment weakened during the drop, several high-profile investors publicly disclosed dip buying.

Media personality Patrick Bet-David confirmed adding to his XRP position during the sell-off, echoing similar disclosures from market commentator Coach JV. Both framed their purchases as long-term accumulation rather than short-term trades.

Institutional data tells a similar story. XRP was the only major crypto asset to post positive ETF flows last week, attracting roughly $45 million in net inflows while Bitcoin, Ethereum, and Solana products saw outflows.

The bulk of that demand came from Franklin Templeton and Bitwise XRP ETFs, suggesting that some institutions are maintaining exposure despite ongoing price weakness.

The $1.50 Level Remains the Line to Watch

Despite the rebound, technical resistance remains firm. XRP continues to trade below former support zones between $1.50 and $1.65, which now act as supply. Analysts caution that until the price reclaims these levels and begins forming higher lows, recent gains should be viewed as corrective.