The cryptocurrency market is currently enduring a brutal wave of selling, and XRP is finding itself right in the line of fire. As of February 4, 2026, the digital asset has slipped into a concerning downward spiral, breaking past key support levels that had previously held the line for optimistic investors. In the last 24 hours alone, Ripple’s native token dipped by more than 1%, but the real pain is visible in the weekly view. XRP has now seen red for seven straight days, racking up a total loss of roughly 16% over the past week.
This isn’t an isolated incident for XRP.
The “Big Three”—Bitcoin, Ethereum, and Solana—are also feeling the heat. On Wednesday, Bitcoin fell by 1.5%, while Ethereum and Solana took harder hits, dropping 6.2% and 3.4% respectively. This synchronized slide suggests a broader “risk-off” sentiment across the globe, likely fueled by shifting expectations from the Federal Reserve and a stronger U.S. dollar.
Technically, the situation for XRP looks fragile. After breaking below the $1.60 mark, the price bottomed out at an intraday low of $1.54. Analysts noted that this breach triggered a wave of automated stop-loss orders, which effectively poured gasoline on the fire and accelerated the sell-off. With the Fear & Greed Index currently sitting at a 14—indicating “Extreme Fear”—it’s clear that the average investor is feeling more than a little anxious.
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From a long-term perspective, XRP is currently trading well below its 50-day and 200-day Simple Moving Averages, which sit at $1.94 and $2.44. In the world of technical analysis, this usually means the asset is in a defensive “consolidation” phase. In simpler terms, it’s going to take some serious positive news or a major market shift to flip the script back to an uptrend.
Despite the gloomy charts, some experts are still beating the drum for a long-term recovery. A well-known voice in the space, “Ledger Man,” pointed out on social media that Ripple’s recent wins shouldn’t be ignored. The company recently secured a payment services license in Luxembourg, opening doors across the European Union. Furthermore, their partnership with DXC Technology to bring XRP into traditional banking systems shows that the token is doing more than just sitting in digital wallets—it’s actually being used.
Another analyst, “X Finance Bull,” highlighted that January 2026 was actually a record-breaking month for Ripple’s ecosystem. From UK licensing to new treasury products and developer training at Berkeley, the fundamental “plumbing” of the network is expanding faster than the price reflects. His take? The price is lagging behind the progress, and the current dip might be a strategic entry point for those who believe in the utility of the XRP Ledger.
READ: Trump’s Tariffs: Boosting or Hurting XRP Price?
Looking ahead at the next week, the forecast remains cautious. Predictive models suggest XRP will likely hover between $1.55 and $1.62. If the price can manage a daily close back above $1.60, it might kill the momentum of the bears. However, if the $1.55 support fails, the door to $1.50 swings wide open.
| Date | Minimum Price | Average Price | Maximum Price |
| Feb 4, 2026 | $1.57 | $1.59 | $1.61 |
| Feb 5, 2026 | $1.56 | $1.58 | $1.60 |
| Feb 6, 2026 | $1.55 | $1.57 | $1.59 |
| Feb 7, 2026 | $1.55 | $1.57 | $1.59 |
| Feb 8, 2026 | $1.57 | $1.58 | $1.60 |
| Feb 9, 2026 | $1.60 | $1.61 | $1.62 |
| Feb 10, 2026 | $1.60 | $1.61 | $1.62 |
While the short-term outlook is murky, the big banks are still making bold calls. Standard Chartered recently maintained its projection that XRP could reach $8 by the end of 2026. Their reasoning hinges on institutional capital finally moving into the space as regulatory clarity improves. For now, though, investors are left watching the $1.55 level to see if the floor holds or if the basement is the next stop.
Disclosure: Neither Tampa Free Press nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. This article is not intended as financial advice. Educational purposes only.
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