XRP Price Prediction: Bulls Eye $1.47 after Historic Surge in Losses

Jakarta, Pintu News – As of February 23, 2026, the price of XRP (XRP) was briefly trading around $1.3679, down 1.79% in 24 hours as the token tested criticalsupport levels following the largest weeklyrealized loss spike since 2022.

The move came as on-chain data showed realized losses of around $1.93 billion, indicating severepanic selling-a condition that historically often marksmarket bottoms.

Weekly Realized Losses of $1.93 Billion Marks Largest Capitulation Since 2022

On-chain data shows that XRP recorded arealized loss of approximately $1.93 billion in a single week, which is the largest spike since 2022. The last time a loss of such scale occurred, the price of XRP was observed to surge by 114% over the following eight months.

Read also: 17 Reasons XRP Price Will Be Bullish According to CryptoBull Analysts

Realized losses measure actual sales transactions at a loss, not justpaper drawdowns. For losses to soar into the billions, there must be aggressive selling pressure matched by buyers willing to enter at lower price levels.

Historically, such capitulation events often congregate nearmarket bottoms as asset holders withweak hands are pushed out.

As coins change hands from short-term traders to long-term holders during the capitulation period, this creates a more stable price foundation. However, a sustained recovery will largely depend on demand stabilization as well as the easing of selling pressure amid ongoing macro uncertainty.

Open Interest rises as volume jumps over 43%

According to Coinglass data, XRP’s open interest (OI) increased by 3.85% to $2.44 billion, while its trading volume surged 43.16% to reach $4.12 billion. Options volume also jumped 68.16% to $2.70 million, with options open interest rising 2.27% to $59.98 million, confirming extreme volatility.

The long/short ratio remains at high levels, at 2.52 on Binance and 2.40 on OKX. However, liquidation data(rekt data) in the 1-hour time frame shows zero for long positions on Binance, while short positions hold $596.39 million.

This indicates that the market position is actually expecting anupside, but the price action is moving lower. This creates the conditions for potential short covering ifsupport levels hold.

When volume jumps more than 40% along with an increase in open interest, it usually indicates new capital entering the market. However, in this case, it confirmsforced capitulation.

The combination of massive realized losses and surging volumes suggests that the market is aggressively purging holders of weak assets.

SBI Holdings Launches $64.5 Million XRP Reward Bonds

SBI Holdings announced the issuance of 10 billion yen ($64.5 million) worth of blockchain-based bonds aimed at retail investors, combining fixed income requirements and XRP token rewards. The three-year bonds, titled “SBI START Bonds,” offer an annual interest rate of between 1.85% and 2.45%, payable semi-annually.

Read also: “Discount” Signals Emerge in Bluechip Crypto Assets: Will BTC, ETH, XRP, ADA, & LINK Rebound?

Retail investors who place an order of at least 100,000 yen (approximately $650) and have an account with SBI VC Trade are eligible to receive an XRP reward matched to their investment amount. The reward structure is set at 200 yen in XRP for every 100,000 yen invested, which is distributed upon issuance and on each interest payment date until 2029.

SBI Holdings has had a partnership with Ripple since 2016 and continues to maintain a strong relationship with the XRP ecosystem. According to CEO Yoshitaka Kitao, the company owns around 9% stake in Ripple Labs.

This blockchain bond structure represents a strategic step towards integrating traditional fixed income products with digital asset infrastructure targeting retail audiences.

Price Breaks Below All Major EMAs and Bollinger Band Support

On the daily chart (Feb 23), XRP is trading below all majormoving averages. The 20-day EMA stands at $1.4744, the 50-day EMA at $1.6549, the 100-day EMA at $1.8693, and the 200-day EMA at $2.0939. Meanwhile, the Bollinger Bands indicator shows themiddle band at $1.4202, with the upper band at $1.5485 and the lower band at $1.2919.

Chart data shows:

• The price broke below the middle band of the Bollinger Band at $1.4202.
• All the major EMAs stack up asoverhead resistance.
• The lower band of the Bollinger Band at $1.2919 is the nextsupport level.
• Thedescending trendline since July remains intact.

XRP has plummeted from itsall-time high of$3.56 to the current level, marking a correction of 62%. The $1.93 billion surge in realized losses indicates that capitulation is occurring at current levels, which is historically abottom signal.

However, the market structure remains decisively bearish with the entire EMA acting as resistance.

A daily close above $1.4744 would reverse the 20-day EMA and signal the beginning of downtrend saturation. Conversely, if the price breaks below the lower band of the Bollinger Band at $1.2919, it will expose XRP to the February low of $1.15.

Although historical precedents from 2022 suggest that the bottom may have been reached, further confirmation still requires price stabilization and demand recovery.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinEdition. XRP Price Prediction: Bulls Eye $1.47 Reclaim After Historic Loss Spike. Accessed on February 24, 2026