Ethereum, XRP, and Solana at Potential Buy Levels? Oversold Altcoins in February 2026 Dip – Analysis

With Bitcoin (BTC) still moving down into a bear market, who would be buying altcoins? That said, if conviction is still strong that certain altcoins are going to play a major role in tomorrow’s financial system, the currently oversold price levels for $ETH, $XRP, and $SOL are perhaps worth looking at?

Before looking at these altcoins it really must be kept in mind that the $BTC price is the big dog in the crypto market, and if Bitcoin is going to carry on going down, it will bring the altcoins with it, that is a very safe assumption.

Also, if $BTC loses another 10% of its value, $ETH will probably lose at least that, while $XRP and $SOL could lose 15% to 20% on top. This is a very scary market right now, but just like any asset can only go up for so long, before correcting, the same must hold true in the opposite direction. 

$1,950 down to $1,500 best buy level for $ETH

Source: TradingView

The higher time frames are best for looking at possible price reversals. The weekly $ETH chart above shows that the price is still making higher highs and higher lows, even if there is a huge amount of volatility between them. 

An ascending trendline can be drawn that has the last local low coming down to retest it perfectly. This trendline could also be redrawn to go through the pivot low of April 2025, and this would potentially line up with the major $1,500 horizontal support level – perhaps a better buy zone?

At the bottom of the chart, just as is the case for $BTC, both the Stochastic RSI and the RSI are at oversold levels. The RSI indicator in particular is approaching the level of the very bottom of the bear market in June 2022.

$XRP bounces here, or crashes down to $1.00 and below?

Source: TradingView

When looking at the weekly chart for $XRP it can be noticed that it is an odd one. Most of the price action takes place around the very low level of $0.10 to $0.70, and then there are huge spikes to the upside around every 4 years, which corresponds to the Bitcoin 4-year cycle. Is the price going to come all the way back down to the lower levels?

It may well do, but if Bitcoin, Ethereum and co. pivot back to the upside from hereabouts, $XRP is quite likely to follow suit. 

As things stand, the $XRP price is sitting on a decent support level now at $1.37. However, if this fails, a drop all the way to $1.00, or even $0.75 could be on the cards.

Unthinkable drop for $SOL price if $78 support fails

Source: TradingView

$SOL looks like a screaming buy as it comes down to the $78 major horizontal support. A candle wick recently went down through this level and sprang back up again, proving the willingness of buyers to step in here.

If this level does not hold, the almost unthinkable result would be a drop down to $47. Just like the previous two charts though, the Stochastic RSI and the RSI are at extreme bottoms. A bounce would appear to be the more likely prospect.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.