XRP Under 2026 Downtrend, Faces More Selling Pressure

XRP has traded sideways over the past month, consolidating between $1.34 support and $1.47 resistance as the downtrend that began at the start of the year remains intact. The range-bound action signals the token is struggling to break free from the pressure behind its current consolidation; at the time of writing it sits near $1.35.

The MVRV Extreme Ratio points to undervaluation and weak momentum, with the metric below 1.0 for roughly 15% of trading days. Historically this reading has preceded either short-term recoveries or deeper declines; under current trends the latter outcome could prolong downward pressure unless a clear catalyst appears.

Macro signals are tilting bearish as well. Exchange net position change shows rising inflows and a decline in buying momentum, indicating increased selling pressure as exchanges register more deposits than withdrawals. That shift from buying to selling could push the price lower and add to market instability.

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