XRP crashes to its lowest since Trump's election win
Analysis
Price Impact
HighXrp has crashed to $1.44, its lowest level since november 2024, breaking below a critical support level of $1.60. this decline is part of a broader risk aversion fueled by bitcoin's price slide, indicating strong selling pressure.
Trustworthiness
HighThe analysis is from coindesk, a reputable crypto news source, based on concrete price movements, technical analysis (support levels, chart patterns), and options market data (deribit put spreads and strangles).
Price Direction
BearishThe price has broken a significant support at $1.60, indicating sellers are in control. there's a 'clear air pocket' down to the psychological $1.00 level. options data shows increased demand for bearish strategies like put spreads, signaling expectations of further downside.
Time Effect
ShortThe crash is immediate, with key support levels broken recently. the options market activity also suggests traders are positioning for near-term downward price action.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP crashes to its lowest since Trump's election win XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market. By Omkar Godbole Feb 5, 2026, 4:19 a.m. Make us preferred on Google XRP tanks to lowest since November 2024. What to know : XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market. The token has broken below key support around $1.60, a former demand zone from April’s sell-off, leaving limited technical support until the psychologically important $1.00 level. Options activity on Deribit shows rising demand for downside protection. Payments-focused cryptocurrency XRP is tanking fast as bitcoin's price slide leads to broad-based risk aversion in the crypto market. XRP has slipped to $1.44, the lowest since November 2024 – the same month President Donald Trump won the U.S. election. Trump campaigned on pro-crypto policies to foster a favorable regulatory environment for digital assets. XRP is used by fintech firm Ripple to facilitate cross-border transactions. 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 . While the initial reaction to Trump's election win was bullish, the uptrend quickly slowed above $3.50 and eventually peaked at $3.65 in July last year. Since then, XRP has been in a downtrend that has gathered pace in recent weeks. Support break The concerning part for bulls is that it now trades firmly below $1.60, a level where buyers stepped in during the April sell-off, arresting the slide at the time. This so-called support was the prominent demand zone, and the break below the same indicates that sellers are now in control. XRP's weekly chart. (TradingView) Now, a clear air pocket looms right down to $1.00, as charts reveal scant historical support or trading volume between the current price of $1.44 and the psychological floor. Bearish bets And traders look to be prepping for a deeper sell-off. Block flows on leading crypto options exchange Deribit featured demand for put spreads, a bearish strategy, and strangles, a bet on volatility boom, in the past 24 hours. Options are derivative contracts that give the purchaser the right, but not the obligation, to purchase or sell the underlying asset at a predetermined price at a later date. A put option gives the right to sell and represents a bearish bet on the market, while a call option represents a bullish bet. XRP News Bitcoin News