XRP price crash today: XRP fell sharply at the start of February, sliding to $1.52 on Monday, its lowest level since early December 2024, before recovering slightly to around $1.60. The move came as a broad sell-off hit the cryptocurrency market, sparked by rising geopolitical tensions in the Middle East, as per a report.
The decline pushed XRP down about 3% over 24 hours and extended its weekly losses to roughly 14.5%, dragging its market capitalization below $97 billion, as per a Bitcoin.com report. The weakness wasn’t isolated. Other major altcoins also came under pressure, with many posting losses between 10% and 20%. According to CoinGecko data, the total altcoin market value briefly slipped below $1 trillion during the sell-off.
Beyond the latest market shock, XRP has been trending lower throughout January, steadily chipping away at the optimism that opened the year. The token had surged from $2 to $2.40 in just four days at the start of January, raising hopes of a move back toward its all-time high of $3.65 set in July 2025. That rally quickly unraveled as selling accelerated toward the end of the month.
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Since topping out on January 6, XRP has lost more than 30% of its value, wiping out key support levels and dimming expectations of a quick return to last year’s highs. The technical picture has also deteriorated. As of February 2, 2026, XRP is flashing a “strong sell” signal on daily charts, trading below all major exponential moving averages in what traders often describe as a “death stack,” as per the Bitcoin.com report.
Both the 50-day EMA near $2.01 and the 200-day EMA around $2.28 are sloping lower, reinforcing the bearish trend. Analysts are now watching the 33-month EMA at about $1.60, as a monthly close below that level could confirm a broader shift into a macro bearish phase.
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Momentum indicators offer little immediate relief. The relative strength index is hovering near 40, pointing to increasing bearish momentum while suggesting the token is not yet oversold. Still, some analysts note a possible hidden bullish divergence on the two-day chart, where XRP made a lower price low at $1.52 while the RSI attempted to form a higher low, a pattern that can hint at seller exhaustion if support near $1.50 holds.
Even with a modest bounce on Monday, XRP’s broader trend remains under pressure. The token is down more than 20% for the month and over 44% on a yearly basis, with the 200-day EMA continuing to act as a ceiling. For now, the market remains cautious as XRP searches for firmer footing after a bruising start to the year, as per the Bitcoin.com report.
Why did XRP price fall sharply in early February?
XRP dropped amid a broader crypto sell-off triggered by rising Middle East tensions.
How low did XRP fall this week?
XRP slid to $1.52, its lowest level since early December 2024.
