The Shocking Twist Behind Ripple’s Price Drop: What’s Next for XRP Investors?

Is XRP just playing hard to get at $1.65, or is this crypto giant on the brink of something bigger? What started as a hopeful sprint in early 2026 has quickly turned into a bruising rollercoaster, with Ripple’s XRP rocketing up 30%, only to lose nearly 40% over a tense weekend. You can almost hear the crypto crowd asking: Is this a classic bullish rebound, or are we staring down the barrel of a full capitulation? As market jitters and massive ETF pullouts swirl around XRP, navigating these volatile seas is no cakewalk — and holding that $1.60 line might be more crucial than ever. The real question now — how low can it go before the tide turns, or have we already missed the boat? Dive in to unravel the twists ahead. LEARN MORE.

XRP was rejected at $1.65 during the weekend.

The promising start to 2026 has been quickly forgotten as the entire crypto market, as well as many other financial fields, has posted significant losses over the past couple of weeks, which only intensified during the weekend.

Ripple’s XRP was among the top performers by January 6 when it surged by 30% in days to a multi-week peak. However, the rejection at that point was quite brutal, and the token dumped by nearly 40% to a $1.50 low marked over the weekend. It bounced off to $1.67 on Sunday, only to be driven south below $1.55 earlier today.

Why Is XRP Down?

Despite recovering some ground to $1.57 as of press time, XRP is still 4% down on the day and a whopping 13% lower than this time last Monday. The most obvious answer to why it’s down so badly is the state of the broader market, which has lost $300 billion since Friday and $500 billion since last Wednesday.

However, XRP’s situation worsened last Thursday when ETF investors pulled out a record $92.92 million out of the funds, making it their worst single-day and weekly performance.

XRP CAPTAIN, a popular member of Ripple’s community on X, weighed in on the asset’s performance, indicating that it must remain above $1.60 otherwise risks a full capitulation.

Ali Martinez outlined the next support levels if this one is decisively broken, which are situated at $1.38 and $1.02 before a potential decline to under $1.00. In case of a price rebound, the first major resistance stands at $1.86, he added.

For $XRP, resistance sits at $1.86, while support is at $1.38 and $1.02. pic.twitter.com/Ttg6TtFYfQ
— Ali Charts (@alicharts) February 1, 2026

What’s Ahead, XRP?

CryptoWZRD said XRP had closed indecisively, but it needs to print a “more positive candle,” which will “only happen when bitcoin turns positive.” The analyst also noted that the XRP/BTC pair can move higher once the Bitcoin dominance starts to decline again, which hasn’t been the case lately.

ChartNerd was more positive. They noted that very few people expected XRP to dump below $2.00 when it surged to an all-time high of over $3.60 last summer. Now, though, even fewer people anticipate seeing it surge past $3.00 again, and their point was that the market rarely matches investors’ expectations.

$XRP 👇
At $3.60…
Very few expected to see below $2
It happened, and now we’re back at $1.50..
And..
Even fewer expect to see $XRP back above $3 again 😏
The point is: The market doesn’t care for your expectations. You adjust or get left behind. Period.
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) February 1, 2026

SPECIAL OFFER (Exclusive)
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).