ETH, XRP, SOL Reach Oversold Levels — Potential Buy Zones in February 2026 Dip
Bitcoin-led market weakness has pushed major altcoins into oversold territory in February 2026. The report highlights possible buy zones for Ethereum (ETH), XRP (XRP) and Solana (SOL) while warning that further BTC downside would likely pull altcoins lower. Technical observations: ETH weekly structure still shows higher highs/lows with an ascending trendline and a suggested buy range of $1,950 down to $1,500, aligning with a longer-term pivot and horizontal support. Momentum indicators (RSI, Stochastic RSI) are near bear-market lows. XRP sits on support at $1.37 but could drop to $1.00 or $0.75 if the level fails; historically XRP has long low-range action punctuated by multi-year spikes. SOL is testing a $78 horizontal support where wick rejections indicate buyer interest; failure could see a fall toward $47. The piece emphasizes that if BTC loses another 10%, ETH may fall at least as much and XRP/SOL could decline an additional 15–20%. Traders should weigh conviction in long-term fundamentals against high near-term volatility and broader Bitcoin correlation.
Bearish
The article describes a market environment where Bitcoin weakness is driving broad downside pressure and altcoins are at oversold levels but remain highly correlated to BTC. The technicals presented are cautious: ETH is near a structural support zone but still vulnerable if BTC extends losses; XRP and SOL sit on key supports that, if broken, point to significantly lower targets (XRP to $1.00/$0.75, SOL to $47). Momentum indicators (RSI, Stochastic RSI) at extreme lows signal oversold conditions and potential for bounces, but do not negate the risk of further declines while the dominant trend (BTC) is bearish. Historically, similar episodes (e.g., 2022 bear market) showed altcoin rallies only after BTC established a clear bottom; before that, local bounces often failed and led to deeper corrections. Short-term impact: increased volatility, wider stop-loss triggers, and higher downside risk — traders should prefer smaller position sizes, tight risk management, or wait for BTC stabilization. Long-term impact: if fundamentals remain intact, these levels could become accumulation zones for longer-term holders, but only after market structure confirms a bottom (higher highs/lows on BTC and improving momentum).