XRP/USDT Breaks Down Sharply Amid Death Cross and Oversold RSI

Summary
• Price fell from 1.4266 to 1.3452 on bearish momentum and high volume.
• 20-period MA on 5-min chart crossed below price, indicating short-term weakness.

• RSI hit oversold territory at 28, suggesting potential near-term bounce.
• Bollinger Bands expanded sharply, reflecting heightened volatility.
• Volume spiked during breakdowns, confirming bearish bias.

At 12:00 ET–1 on 2026-02-10, XRP/Tether (XRPUSDT) opened at 1.4188 and traded as high as 1.4291 before closing at 1.3452 at 12:00 ET on 2026-02-11. The 24-hour period saw a low of 1.3443, with a total volume of 39,451,494.3 and turnover of 54,890,037.93.

The price action displayed a strong bearish bias, with a sharp breakdown from the 1.4200–1.4250 resistance range and a subsequent decline into oversold territory. On the 5-minute chart, the 20-period moving average crossed below the price, forming a death cross pattern, while the 50-period MA also remained above the current price, reinforcing downward momentum.

MACD turned negative and remained in bear territory, with the histogram showing increasing bear divergence. RSI dipped to 28, signaling a potential rebound, but a sustained close above 1.3635 would be needed for further conviction. Bollinger Bands expanded significantly in the late hours, indicating rising volatility, while the price closed near the lower band, pointing to potential for a retest of key support levels.

Volume was notably elevated during the price breakdown and early recovery attempts, confirming bearish momentum. The 5-minute Fibonacci retracement from the 1.4291 high to the 1.3443 low shows 38.2% at 1.3885 and 61.8% at 1.3635 as critical levels for near-term action.

The market appears to be in a bearish consolidation phase, with oversold conditions hinting at a short-term bounce. However, sustained buying pressure above 1.3635 is needed to challenge the 1.3750–1.3800 range. Investors should remain cautious of the risk of further downside should volume confirm bearish continuation into the next 24 hours.