Why is XRP USD dropping 3.78% today?

XRP USD is declining due to profit-taking, bearish MACD signals, and strong downward trend momentum indicated by the ADX at 34.92. Regulatory uncertainty and broader market weakness also contribute to selling pressure on February 2, 2026.

What is the XRP USD price forecast for 2026?

The yearly forecast targets $4.16, representing a 152.8% gain from current levels. The monthly forecast is $1.24, suggesting potential near-term weakness. Long-term recovery depends on breaking above key resistance levels and positive regulatory developments.

Where is the key support level for XRP USD?

The critical support level is $1.70, defined by the Bollinger Band lower band. A break below this level could trigger declines toward $1.50. The 50-day moving average at $1.97 also provides intermediate support.

Is XRP USD overbought or oversold?

The RSI at 66.74 approaches overbought territory but is not extreme. The Stochastic %K at 76.34 indicates short-term overbought conditions, suggesting potential consolidation or pullback in the near term.

What does the technical analysis reveal about XRP USD?

Technical analysis shows a strong downward trend with ADX at 34.92, bearish MACD signals, and elevated volume at 2.22x average. The RSI suggests some buying interest, but sellers remain in control as of February 2, 2026.

Crypto Insights

XRP USD Drops 3.78% Daily as $1.70 Support Tests Buyer Conviction

ByDanny Kontos February 2, 2026February 2, 2026

XRP USD is trading at $1.6455 as of February 2, 2026, down 3.78% over the last 24 hours. The cryptocurrency has faced significant pressure recently, with a year-to-date decline of 7.51% and a one-year drop of 44.49%. Despite these headwinds, XRP USD maintains a market cap of $105.4 billion, making it one of the largest digital assets by valuation. Today’s price action reflects broader market volatility, with traders closely watching key support levels. Understanding the technical setup and market sentiment around XRP USD is essential for anyone tracking this major cryptocurrency.