NewsBTC
Feb 16, 2026
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BEARISH 📉 : Heavy XRP selling triggers 11% drop amid market downturn

XRP faces renewed selling pressure, threatening its support above $1. Recent market activity reflects broader digital asset weakness and cautious sentiment among traders.

  • Heavy selling on South Korean exchange Upbit saw 50 million XRP offloaded within 15 hours, causing a decline to the $1.44–$1.5 range.
  • XRP has dropped 11% in 24 hours and nearly 30% over the past month.
  • The token broke below a descending trendline; $1.35–$1.40 is now a key defense level, with potential downside targets at $1.30 and $1.15 if pressure continues.

Institutional and Regulatory Developments

  • Derivatives activity around XRP is rising, with increased open interest and options volume amid current volatility.
  • SBI Holdings clarified its 9% stake in Ripple Labs, countering online speculation.
  • Ripple CEO Brad Garlinghouse's involvement with a U.S. advisory committee suggests improving regulatory relations.

Long-Term Utility vs Short-Term Pressure

  • XRP Ledger shows growth in tokenized real-world assets, positioning it as a leader in this sector.
  • Broader macroeconomic factors, including liquidity shifts and geopolitical uncertainty, continue to affect crypto assets.