Why is XRP USD dropping 3.78% today?

XRP USD is dropping due to a technical breakdown below the 50-day moving average at $1.97, combined with elevated selling volume at 2.22x average. Stop-loss orders triggered by the failure to hold $1.80 resistance cascaded into further selling. Broader crypto market weakness and regulatory uncertainty also contributed to the decline.

What is the XRP USD price forecast for February 2026?

The monthly forecast targets $1.24, representing a 24.6% decline from current levels. This level would test critical support and align with the bearish channel structure. The yearly forecast suggests recovery to $4.16 if regulatory clarity improves and adoption accelerates.

What are the key support levels for XRP USD?

Immediate support sits at $1.70 (lower Bollinger Band), followed by $1.50 (today's low). The 200-day moving average at $2.53 and year-high of $3.67 represent resistance overhead. Breaking $1.70 would open downside toward $1.40.

Is XRP USD overbought or oversold?

RSI at 66.74 indicates overbought conditions despite the recent decline, suggesting momentum remains tilted toward sellers. This reading is unusual during a downtrend and may signal a temporary bounce before further selling resumes.

What does the technical analysis show for XRP USD?

ADX at 34.92 confirms a strong downtrend in place. MACD shows bearish signals with the histogram at 0.05. Bollinger Bands position XRP USD near the lower band at $1.70, indicating potential support or further downside if this level breaks.

Crypto Insights

XRP USD Drops 3.78% Daily as Bearish Channel Pressures Recovery

ByDanny Kontos February 5, 2026February 5, 2026

XRP USD is experiencing significant selling pressure as it drops 3.78% in daily trading on February 5, 2026. The cryptocurrency has fallen to $1.6455, marking a concerning move lower within a bearish technical structure. Market data shows XRP USD trading below its 50-day moving average of $1.97, signaling sustained weakness. With a market cap of $105.4 billion and elevated trading volume at 6.6 billion, the selling activity appears coordinated and substantial. Understanding why XRP USD is dropping requires examining both technical indicators and broader market sentiment.