Overview
- XRP trimmed gains after jumping about 10–11% late last week, failing to hold above roughly $1.65–$1.68, with $1.51 now flagged as key resistance by multiple analyses.
- A concentrated wave of selling on South Korea’s Upbit—about 50 million XRP over roughly 15 hours—added pressure, placing focus on the $1.35–$1.40 support zone.
- Standard Chartered lowered its end‑2026 XRP target to about $2.80 from $8, citing a tougher macro backdrop and cutting forecasts across major crypto assets.
- Flows remain a counterweight to weakness, with on‑chain data showing sizable exchange outflows over recent months and U.S. spot XRP ETFs taking in about $4.5 million on Feb. 13.
- Regulatory and positioning signals mixed, as Ripple’s Brad Garlinghouse joined a CFTC advisory committee while derivatives metrics showed rising open interest and a surge in options activity.