Technical Analysis

On Friday, February 6, Santiment highlighted rising whale and ledger activity as XRP rebounded, briefly reclaiming $1.5 after a decline to $1.16, the lowest since November 2024. The firm reported 1,389 $100,000 transactions and 78,727 unique addresses in one 8-hour candle. As of writing, XRP is around $1.46, up almost 25% in 24 hours but still roughly over 16% lower week-on-week.

Dogecoin traded near $0.096 after a 6.3% daily gain, with a TD Sequential buy marker appearing around $0.095 on the daily chart. The downtrend remains intact inside a months‑long descending channel, with $0.080 as key support and $0.117 resistance, while derivatives open interest approximates $1.04 billion, signaling elevated volatility risk.

Analysts note that Bitcoin has fallen roughly 52% from its recent 2025 all-time high, a scale of correction they say resembles prior mid-cycle pullbacks rather than a full trend reversal. Some traders are watching a Daily Fair Value Gap above current prices as a potential target for a relief rally, while others still see downside risk toward zones such as $34,000. Volatility remains elevated, and market participants are closely tracking how price behaves in key liquidity areas before a clearer direction emerges.

Analyst Ali Martinez reports Dogecoin whale transfers above $1 million fell 94.6% in the past month, dropping from 109 to 6. With DOGE trading near $0.09 and sentiment subdued, market watcher KrissPax warns the asset could stagnate without a fresh catalyst, noting possible pullbacks in June, August, and September 2026.

Market analyst EGRAG CRYPTO outlines XRP's trajectory using logarithmic regression-style channels, identifying a structural target at $4.5 with an 80–90% probability if the current setup persists. On-chain data from Santiment shows Extreme Fear, while XRP trades at $1.42; longer-term scenarios point to $10, $27, or even $200 if $4.50 is cleared.

Bitcoin fell more than 40% over the past month to a year-to-date low of $59,930 on Friday, over 50% below its October 2025 peak near $126,200. Analysts highlight leveraged Hong Kong options trades tied to IBIT, banks’ structured-note hedging, and miner cost lines around $58,160–$72,700 as factors that could pressure price near $60,000.

Dogecoin is trading around $0.09691 after climbing from an intraday low of $0.09308, with a 24-hour gain of 3.94% and price indicators showing oversold conditions. Bollinger Bands and an RSI near 33 suggest bearish momentum may be fading, with upside targets between $0.11 and $0.15 and some long-term optimists eyeing $0.30. Market-wide volatility, Bitcoin's struggle below $70,000 and historical February weakness could still weigh on DOGE, though occasional boosts from positive sentiment such as comments by Elon Musk remain influential.

Shiba Inu recovered from channel lows at $0.000005600 and is stabilizing near $0.000006200. On-chain positioning shows large wallets steady rather than adding, while liquidation clusters sit at $0.00000610–$0.00000625 on the upside and near $0.00000570–$0.00000540 below. Without a decisive break above $0.000006200, gains may remain range-bound.

In the first week of February 2026, Bitcoin fell below the $60K mark and drove sentiment into extreme fear as analysts turned broadly bearish. Fidelity's Jurrien Timmer still described $65K as an appealing buy zone, even as ETF flows shifted toward gold and silver and Bitwise warned that ETF dynamics could prolong the drawdown. Options data showed negative skew easing but remaining below zero, signaling that traders continued to favor protective puts over bullish calls.

Bitcoin fell back below $69,000 at the start of the weekend after testing levels above its 2021 peak, with some analysts arguing that a macro bottom has not yet formed. Others are focusing on CME Bitcoin futures gaps, including one around $84,000, as potential upside targets in a broader relief move.