XRP plunges 6% as bitcoin drops under support, worsening downtrend

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP plunges 6% as bitcoin drops under support, worsening downtrend XRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike. By Shaurya Malwa , CD Analytics Feb 3, 2026, 7:24 p.m. Make us preferred on Google What to know : XRP slid about 6.3 percent to roughly $1.54 in a broad crypto sell-off, with no token-specific catalyst behind the move. The break below the key $1.60 support level triggered heavy, likely forced selling, and rebound attempts have so far failed to reclaim $1.56. Traders say XRP must hold around $1.50 and then retake $1.60–$1.62 to ease downside pressure, with a break lower opening room toward about $1.38 and potentially $1.02. XRP sold off sharply as broader crypto weakness pushed price through a key floor, with heavy volume suggesting forced selling rather than a slow drift lower. News Background XRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike. There was no XRP-specific catalyst driving the drop; instead, the move looked positioning-led, with sellers accelerating once technical support gave way. The decline follows a choppy period where rebounds struggled to attract follow-through, leaving XRP vulnerable when market-wide sentiment turned. Price Action Summary XRP fell about 6.3%, sliding from $1.65 to $1.54 The break below $1.60 accelerated selling Volume surged at the breakdown, consistent with forced activity Price held near $1.54 into the close after a late-session flush Technical Analysis XRP broke decisively below $1.60, triggering a high-volume selloff that pushed price toward $1.54. The bounce attempts that followed failed to reclaim $1.56, keeping near-term structure bearish. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Former support around $1.60–$1.62 now flips into resistance, with sellers defending rallies. The market is now trading around a key decision area: if $1.50 doesn’t hold, the next downside zones traders reference sit near $1.38, with a deeper risk level around $1.02. Key levels: Support: $1.54, then $1.50 Resistance: $1.56 first, then $1.60–$1.62 What traders say is next? Traders see this as a breakdown-first tape: any rebound is suspect until XRP can reclaim $1.60–$1.62 with volume. If $1.50 holds, XRP may stabilize and build a base — but bulls need to get back above $1.56 quickly to reduce downside pressure. If $1.50 breaks, traders expect momentum to extend toward $1.38, with risk of a deeper move if broader market weakness persists.