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On February 2, 2026, XRP is priced between $1.59 and $1.61, continuing its recent downward trend as the broader cryptocurrency market experiences difficulties. In the last 24 hours, XRP has decreased by approximately 3 to 4 percent, and over the week, the total losses have amounted to 12 to 16 percent.
This decline has driven XRP to its lowest level in nearly nine months, approximately 19 percent lower than its peaks in January. Trading activity remains high, with around $4 billion exchanged in a single day. This indicates that many traders are still engaged, despite the price drop.
For newcomers, fluctuations like these typically reflect anxiety and uncertainty in the market rather than issues with the project itself.
Reasons Behind XRP’s Decline: Bitcoin and the Larger Context
A primary factor contributing to XRP’s struggles is its close correlation with Bitcoin. Currently, XRP tends to move in alignment with Bitcoin roughly 87 percent of the time. Thus, when Bitcoin declines, many other cryptocurrencies, including XRP, generally follow suit.
Additionally, investors are reacting to global economic concerns. Recent shifts in the leadership of the US Federal Reserve have led to speculation that interest rates may remain elevated for an extended period. In such instances, traders often mitigate risk by reallocating funds away from volatile assets like cryptocurrencies.
In essence, XRP’s decline is not an isolated event; it is part of a broader market downturn.
XRP ETFs Indicate Incoming Buyers
Despite the price decrease, there are some encouraging signals. On January 30, XRP exchange-traded funds (ETFs) recorded net inflows of $16.79 million, according to SoSoValue. This indicates that more capital flowed into these funds than was withdrawn, despite significant outflows earlier in the week.
The largest inflows came from:
- 21Shares’ TOXR ETF: $8.19 million
- Bitwise XRP ETF: $3.91 million
- Canary XRP ETF: $2.79 million
- Franklin’s XRPZ ETF: $1.90 million
For novice investors, this suggests that certain institutions perceive the recent downturn as an opportunity to purchase rather than a cause for alarm.
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XRP Technical Analysis: The Significance of $1.55
Analyzing the charts, the XRP price outlook appears bearish as XRP continues in a short-term downtrend, indicating that prices are primarily declining. On shorter time frames, XRP encounters resistance in the range of $1.65 to $1.68, while buyers are attempting to maintain support around $1.55.
A widely used indicator known as the RSI (Relative Strength Index) is approaching 30, which often suggests that selling pressure is diminishing. However, this does not yet confirm a rebound.
XRP Price Chart Source: Tradingview
If XRP dips below $1.55, the next critical level to monitor is roughly $1.48. Conversely, if it surpasses $1.68, that would indicate the first sign of strengthening momentum, potentially paving the way for a recovery towards $1.75 to $1.82.
At present, XRP appears to be stabilizing rather than plunging. If the pace of selling continues to ease and the overall market sentiment improves, this phase could facilitate a more stable recovery in the future.
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The post XRP Price Prediction: $4B Volume Swells as XRP Slips to $1.60—Is $1.55 Next? appeared first on Cryptonews.
