Why did XRP drop about 15% today?

The slide followed a decisive break below $1.60, which triggered stops and algorithmic selling. Liquidity was thin until $1.00, amplifying the move. Roughly $47 million in long liquidations and a shift to defensive options added pressure. Broader risk-off in US hours also weighed on crypto sentiment.

Where are the key support and resistance levels now?

$1.00 is the key downside level to watch, with $1.20 a weaker shelf after the break. On the upside, $1.40 to $1.60 forms near-term resistance. Many traders wait for a daily close back above $1.40–$1.50 and a higher low before adding risk.

What do $47 million in liquidations mean for XRP?

Large liquidations often clear excess leverage, which can reduce fragility. But they also signal stress and may delay a durable rebound. If open interest rebuilds alongside higher lows and steadier funding, conditions improve. Until then, expect choppy ranges and respect tighter stops around the major levels.

Is there a US spot XRP ETF affecting flows?

No. There is no approved US spot XRP ETF. Traders often watch Bitcoin spot ETF flows as a proxy for market risk appetite. Those inflows were modest and did not offset token-specific selling today, so ETF activity offered little support during the move lower.

How should retail traders approach XRP after this drop?

Keep position sizes small, use hard stops, and avoid chasing bounces. Consider scaling near clear levels like $1.00 and waiting for a daily reclaim of $1.40–$1.50 before adding size. Monitor options skew, funding, and order book depth for early signs that downside pressure is easing.

Global Market Insights

XRP-USD Today: 15% Slide, DAT Stress and $47M Wipeouts — February 06

ByHuzaifa Zahoor February 6, 2026February 6, 2026

XRP price today slid about 15% as sellers pushed the token to its lowest level since November 2024. After a clean break below $1.60, XRPUSD faced thin bids with limited support until $1.00. Roughly $47 million in long positions were liquidated, and options flows turned defensive. Treasury-linked pressure and talk of DAT stress added to fear, while modest US spot ETF inflows and Ripple ecosystem updates struggled to steady sentiment. For US traders, XRP price today highlights elevated volatility and tighter risk controls.