XRP Bearish Momentum as Crypto Market Falls: BTC, ETH Slide and ETF Flows

XRP trades around $1.28 as BTC and ETH decline, with bearish signals across timeframes. ETF inflows contrast with broader outflows and rising institutional interest.

Rich by Coin

2026-02-28

Bitcoin (BTC) tumbled 6.4% to $63,539.29, Ethereum (ETH) dropped 8.8% to $1,853.19, Solana (SOL) plunged 10.8% to $78.10, and XRP (XRP) slid 9.4% to $1.29. XRP’s trajectory during this period was particularly noteworthy. As reported by Traders Union, on February 28, 2026, XRP was trading at $1.2792, well below its MA-20 ($1.4164), MA-50 ($1.6779), and MA-200 ($2.2861) moving averages.

This technical setup reflected a bearish trend across short-, medium-, and long-term horizons, with sellers firmly in control. The closest dynamic resistance was the Ichimoku Kijun line at $1.3943, while psychological support levels loomed below the current price. If selling persisted, support could even emerge below $1.00. XRP trading volumes on the Bitrue exchange surged by 212%, signaling a dramatic increase in spot market activity and heightened institutional interest.

Canary Capital and Bitwise both reported confirmed inflows into XRP-focused exchange-traded funds (ETFs), even as Bitcoin and Ethereum ETFs experienced outflows. This divergence suggested that, while the broader market was reeling from geopolitical shocks, some investors saw opportunity in XRP’s relative resilience or unique positioning. Ripple released a whitepaper around February 28, 2026, introducing a new trading framework aimed specifically at banks and institutional investors.

While the whitepaper’s release did not immediately buoy XRP’s price, it underscored Ripple’s ongoing efforts to court large-scale financial players and position XRP as a viable asset for institutional adoption. Technically, the bearish momentum in XRP was confirmed by a suite of indicators. The MACD signaled a strong sell, the ADX was above 34 (indicating a pronounced trend), and oscillators like RSI (38.6), Stoch RSI (38.8), and CCI (–93.4) all pointed to oversold conditions.

The Awesome Oscillator also confirmed bearish momentum. Despite these oversold signals, sellers continued to dominate, with XRP opening at $1.3558 on February 28 after a clear gap down from the previous close of $1.4231. Daily losses reached 10.11%, and the price hovered near session lows as volatility remained elevated. Immediate resistance for XRP was identified near $1.39, with possible support around $1.21.