As of today, February 5, 2026, $XRP has broken below the critical $1.50 support level, sliding toward $1.37. While the community remains strong, the charts tell a story of a "structural reset."
1. The "Warsh" Effect & Macro Turbulence
The broader crypto market is reeling from the nomination of Kevin Warsh as the new Fed Chair.
Hard Money Pivot: Markets are pricing in a shift toward "tighter" monetary policy (fewer interest rate cuts).
Stronger Dollar: A surging U.S. Dollar Index (DXY) is putting heavy pressure on risk assets like $XRP and Bitcoin ($BTC ).
2. The Great Leverage Flush
Looking at the chart, the sharp "red candles" indicate a liquidation cascade.
Traders who were betting on a rebound to $2.00 were forced out of their positions as price hit stop-losses.
Open Interest (OI) has hit multi-month lows, meaning the speculative "froth" is being wiped out.
3. Technical Breakdown (Bollinger Bands)
XRP is hugging the Lower Band (DN: 1.3629). This shows extreme bearish momentum.
Until XRP can reclaim the 20-day Moving Average (MB: 1.4708), the path of least resistance remains downward.
4. Institutional Fatigue
Despite the launch of XRP ETFs earlier this year, institutional inflows have slowed. After the massive rally to $3.65 in mid-2025, many "whales" are still in profit-taking mode, and new buyers are waiting for a confirmed "bottom."
The Silver Lining? 🔍
Despite the price drop, on-chain data shows XRP wallet addresses are actually increasing. This suggests that while "tourists" are selling in panic, long-term holders are accumulating at these lower levels.
Watch Zone: $1.35 is the immediate psychological floor. If it holds, we may see a period of consolidation. If it breaks, $1.20 is the next stop.
What’s your move? Are you buying this dip or waiting for $1.20? Let me know in the comments! 👇
#TechnicalAnalysis #BinanceSquare
