I have observed that the price of XRP has recently come under significant pressure. The RSI indicator has reached its lowest level since October, and the MVRV Z-score is also approaching a historic low zone. Compared to Bitcoin, the XRP ratio has entered a deep oversold condition.

What’s interesting is that on-chain data looks similar to the lows of previous markets. Although market sentiment remains cautious, historical patterns suggest that a reversal could be possible. XRP’s price is moving within a long-term contraction structure, which previously served as a foundation for strong rallies.

Data from Glassnode indicates that the MVRV Z-score is near zero, meaning most holders are close to their cost basis. This is typically associated with accumulation phases. The last time such a situation occurred, XRP’s price experienced a strong recovery.

Currently, a significant support zone has formed around February 2026. If this level holds, a bounce upward could occur. But if it breaks, there is a risk of further decline. For now, a balance exists between buyers and sellers. XRP’s price depends on maintaining this support to keep the possibility of a rebound alive.