Why is XRP USD dropping today on February 3, 2026?

XRP USD is declining due to broader cryptocurrency market weakness and technical breakdown below key resistance levels. The **-8.82% drop** reflects selling pressure triggered by negative sentiment and potential liquidations around support zones. Elevated volume at **6.64 billion** confirms active participation in the decline.

What is the XRP USD price forecast for February 2026?

Our monthly forecast targets **$1.24**, representing a **-24.6% decline** from current levels. This target assumes continued weakness if support at $1.70 breaks. However, yearly forecasts suggest recovery potential toward **$4.16**, indicating longer-term upside despite near-term headwinds.

What technical levels should XRP USD traders monitor?

Critical support sits at **$1.70** (lower Bollinger Band), with the next level at $1.50 (day's low). Resistance appears at **$2.17** (upper Bollinger Band) and $1.97 (50-day moving average). The **ADX at 34.92** confirms a strong downtrend, so support breaks could accelerate selling.

Is XRP USD oversold or overbought right now?

The **RSI at 66.74** sits in neutral territory approaching overbought, while the **Stochastic %K at 76.34** signals overbought conditions. These readings suggest potential for a short-term pullback or consolidation, though the strong downtrend (ADX 34.92) means oversold bounces may face resistance.

What could trigger an XRP USD recovery?

Positive regulatory developments, broader cryptocurrency market strength, or technical confirmation above $1.97 resistance could spark recovery. Volume reversal showing accumulation instead of distribution would be critical. Yearly forecasts of **$4.16** suggest recovery is possible if market conditions stabilize and buying pressure returns.

Crypto Insights

XRP USD Faces $1.24 Monthly Target as -8.82% Decline Pressures Recovery

ByHuzaifa Zahoor February 3, 2026February 3, 2026

XRP USD is experiencing significant downward pressure on February 3, 2026, with the token trading at $1.6455 after a sharp -8.82% decline. Market participants are closely watching whether XRP USD can stabilize above key support levels or if further weakness lies ahead. The cryptocurrency’s recent price action reflects broader market volatility, with trading volume reaching 6.64 billion as investors reassess their positions. Understanding the technical setup and price targets becomes critical for those tracking XRP USD movements in the current market environment.