The promising begin to 2026 has been rapidly forgotten as all the crypto market, in addition to many different monetary fields, has posted vital losses over the previous couple of weeks, which solely intensified in the course of the weekend.
Ripple’s XRP was among the many high performers by January 6 when it surged by 30% in days to a multi-week peak. Nevertheless, the rejection at that time was fairly brutal, and the token dumped by practically 40% to a $1.50 low marked over the weekend. It bounced off to $1.67 on Sunday, solely to be pushed south under $1.55 earlier in the present day.
Why Is XRP Down?
Regardless of recovering some floor to $1.57 as of press time, XRP remains to be 4% down on the day and a whopping 13% decrease than this time final Monday. The obvious reply to why it’s down so badly is the state of the broader market, which has misplaced $300 billion since Friday and $500 billion since final Wednesday.
Nevertheless, XRP’s state of affairs worsened final Thursday when ETF traders pulled out a document $92.92 million out of the funds, making it their worst single-day and weekly efficiency.
XRP CAPTAIN, a preferred member of Ripple’s group on X, weighed in on the asset’s efficiency, indicating that it should stay above $1.60 in any other case dangers a full capitulation.
Ali Martinez outlined the following assist ranges if this one is decisively damaged, that are located at $1.38 and $1.02 earlier than a possible decline to underneath $1.00. In case of a worth rebound, the primary main resistance stands at $1.86, he added.
For $XRP, resistance sits at $1.86, whereas assist is at $1.38 and $1.02. pic.twitter.com/Ttg6TtFYfQ
— Ali Charts (@alicharts) February 1, 2026
What’s Forward, XRP?
CryptoWZRD mentioned XRP had closed indecisively, nevertheless it must print a “extra optimistic candle,” which can “solely occur when bitcoin turns optimistic.” The analyst additionally famous that the XRP/BTC pair can transfer greater as soon as the Bitcoin dominance begins to say no once more, which hasn’t been the case currently.
ChartNerd was extra optimistic. They famous that only a few individuals anticipated XRP to dump under $2.00 when it surged to an all-time excessive of over $3.60 final summer time. Now, although, even fewer individuals anticipate seeing it surge previous $3.00 once more, and their level was that the market not often matches traders’ expectations.
$XRP
At $3.60…
Only a few anticipated to see under $2
It occurred, and now we’re again at $1.50..
And..
Even fewer count on to see $XRP again above $3 once more
The purpose is: The market doesn’t care to your expectations. You alter or get left behind. Interval.
—
ChartNerd
(@ChartNerdTA) February 1, 2026
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