XRP fell below its 200-week Exponential Moving Average (EMA) on February 28, 2026. This places the cryptocurrency at a crucial technical level for long-term investors. Analysts indicate that this could be a potential risk for a wider structural bear market.
At the time of writing, XRP is trading at $1.32, down 3.13% over the last 24 hours, with a market capitalization of $81.45 billion. Trading volume stood at $6.20 million during the same period, according to CoinMarketCap data.
Source: CoinMarketCap
XRP has traditionally used the 200-week EMA as an important level separating long-term bull and bear markets. Analysts often use this level as an important reference point for long-term trends.
XRP Breaks Key Weekly EMA Support
On February 28, 2026, crypto analyst ChartNerd stated that, currently, XRP is trading below its 200-week EMA on its weekly chart. While it is true that prices have briefly traded below its 200-week EMA on several instances in previous cycles, it is important to note that confirmation is dependent on how prices close on its weekly candles.
Source: X
As ChartNerd explained earlier this week, the level is a “major macro decision point,” with the chartist noting that in the past, sustained breaks below the 200-week EMA have been followed by periods of consolidation or further drawdowns. Conversely, holds above the level have been followed by strong recovery moves.
Source: X
The level being monitored is near $1.41. XRP is currently below that level, and investors are waiting for it to rise above that level and hold it until the week ends. If it fails to do so, the price will go down to even lower liquidity levels.
XRP RSI, MACD Signal Bearish Momentum
Currently, the Relative Strength Index (RSI) is trading at 37.34, which is below the neutral point of 50, indicating that bearish momentum still persists in the market. Additionally, the signal line for the RSI is trading below the neutral point at 39.62.
Source: TradingView
The MACD is also indicating the main line is at -0.07312, and the signal line is at -0.08333. The histogram is slightly positive, but the lines are still negative.
Also Read | Why Are Banks Embracing Crypto Assets Now? The $23 Trillion Opportunity
Is XRP Preparing for a Macro Base?
The upcoming weekly closes will show if XRP starts to consolidate or build a macro base. Reclaiming the 200-week EMA will show if there’s renewed structural strength, while remaining below this level will continue to suggest bearish continuation risks.
For now, investors are focused on confirmation as opposed to intraday price action, as macro technical levels tend to influence longer-term positioning decisions.
Also Read | Zcash (ZEC) Could Break Above the Bearish Channel or Continue Falling