Technical Analysis

XRP just saw its largest on-chain realized loss since 2022, with weekly losses totaling $1.93 billion. The extreme drawdown coincided with a deep capitulation phase, and the last comparable event in November 2022 preceded a 114% rebound over eight months.

On February 22, 2026, on-chain trackers Arkham Intelligence and Lookonchain flagged Vitalik Buterin withdrawing 3,500 ETH from Aave and selling 571 ETH. Earlier in February, reported sales climbed to 6,183 ETH at a $2,140 average exit price, while ETH has continued to trade below $2,000 amid broader weakness.

Over the last 24 hours, SHIB's spot flows showed a 129% swing toward net outflows as outflows of $6.24 million edged inflows of $6.14 million. Futures open interest climbed nearly 8% to $78.79 million. SHIB traded at $0.000006493, up 4.80% on the day and 0.41% for the week, while an intraday high reached $0.00000662.

Bitcoin is retesting a major resistance band between $68,300 and around $69,800 on the daily chart, after previously being rejected there. The bullish structure remains intact as long as price holds above the nearby $66,194–$66,956 support, while a break below could open the way toward the $64,535–$62,592 zone. A decisive daily close above the $68,300–$69,867 area would indicate stronger upside momentum and raise the probability of a move to new local highs.

According to on-chain data, XRP recently posted roughly $900 million in weekly realized losses, its largest capitulation since 2022. A previous major spike occurred 39 months ago at -$1.93 billion, followed by a 114% advance over eight months. Since January 2025, price action has stayed within a broad corrective range, with $1.20 highlighted as a critical level.

XRP maintained the $1.35 support while broader majors showed hesitation, as exchange‑traded products tied to the token recorded $1.84 million in net inflows last week, according to SosoValue. Momentum gauges such as RSI and MACD turned higher, yet a clear move above $1.73 remains pivotal to validate a broader bullish reversal.

Economist Timothy Peterson said 50% of Bitcoin's past 24 months were positive and argued this implies an 88% chance the asset will be above its current level by December. BTC traded at $68,173 at publication, while Polymarket odds put November at 18% and December at 17% for 2026's best month, and the Fear & Greed Index registered 9.

At the beginning of February, Bitcoin's price slid to its lowest level since Donald Trump was elected US president in November 2024, a move linked to heavy leverage in the BTC market. Over the past week, on-chain data shows a substantial deleveraging on Binance, with the Estimated Leverage Ratio falling by about 28% from roughly 0.1980 to 0.1414. Bitcoin now trades near $67,950, up almost 2% in 24 hours but still slightly lower on the weekly chart, as analysts say the market needs fresh spot demand to rebuild a durable uptrend.

Ethereum is showing relative strength on an inverted price chart, but an analyst known as Mizer still views the higher time frame trend as bearish until a key parabolic curve is broken. He outlines two possible outcomes from the current consolidation and sets downside targets near $1,700 and $1,400, warning that losing a crucial flip zone on the inverted chart would invalidate the setup and imply a broader trend shift.

The cryptocurrency market has reversed most gains achieved after the 2024 U.S. election, now roughly 40% below its October 2025 peak. Total3 rose more than 91% to $1.16 trillion by December 2024 before slipping toward about $713 billion, while Bitcoin and Ether also saw drawdowns of over 50% and about 60%, respectively.