Overview
- XRP fell as much as 16% in 24 hours to roughly $1.29–$1.36, its lowest level since November 2024, underperforming a broader crypto downturn.
- Key supports at $1.60 and $1.50 gave way and the $1.45 area flipped into resistance, with several analysts noting scant historical backing until near $1.00.
- Derivatives pressure intensified the decline, with about $46 million in XRP liquidations over 24 hours mostly wiping out long positions, while futures open interest slid to roughly $2.61 billion.
- Investor flows remain shaky as spot XRP ETFs saw a $92.92 million outflow on Jan. 29 and small net outflows this week, and on-chain data show short‑term holders sitting at deep unrealized losses (STH NUPL near -0.38).
- Participation on the XRP Ledger continues to rise past 7.5 million wallets, and traders are split between downside scenarios toward $1.00–$1.22 and tactical rebound setups toward $1.70–$1.90 if $1.25–$1.45 holds.