XRP price chart and whale activity warn of a drop below $1

CoinTelegraph

by Nancy Lubale

February 23, 2026

AI-Generated Deep Dive Summary

XRP's price could face a significant decline, with technical indicators signaling a bearish trend that may send its value below $1. The cryptocurrency has formed a bear pennant on its two-day chart, a classic bearish pattern that often precedes a drop in price. This setup, combined with renewed activity from large investors—known as whales—on Binance, raises concerns about further depreciation. Analysts suggest that if this bearish structure is confirmed, XRP could fall to $0.80 over the next few weeks. The bear pennant formation is a technical chart pattern that typically indicates a continuation of an existing downtrend. In this case, it suggests that after a period of consolidation, XRP may resume its downward trajectory with increased momentum. The convergence of this bearish technical setup and whale activity on Binance adds weight to the possibility of a price drop. Whale transactions often signal significant sell-offs or shifts in market sentiment, which can amplify downward pressure on XRP. For crypto investors closely monitoring the market, understanding these indicators is crucial. A potential decline to $0.80 would represent a substantial drop from its current value and could impact holders and traders alike. While technical analysis provides valuable insights, it’s important to consider broader market conditions, including regulatory developments and overall crypto market trends, which can also influence XRP's price movement. In the context of the broader crypto landscape, XRP's situation highlights the importance of staying vigilant about both technical indicators and large-scale investor behavior. For those invested in or considering investments in XRP, keeping a close eye on price movements and related news will be essential to making informed decisions. As market dynamics continue to evolve, the inter

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Originally published on CoinTelegraph on 2/23/2026