The XRP price is under renewed pressure as the broader crypto market turns risk-off. After reclaiming the $1 level in late 2024 for the first time in years, XRP is now correcting sharply, raising a critical question for traders and investors: will XRP hold above $1, or is a deeper retracement ahead?
By TradingView - XRPUSD_2026-02-04 (1Y)
At the time of writing, XRP trades near $1.50, down significantly from recent highs and underperforming during the latest market-wide drawdown led by Bitcoin.
From a technical perspective, XRP is clearly in a short-term downtrend:
However, despite the weakness, XRP has not yet broken its most important structural level.
A sustained break below $1 would mark a failed breakout, but for now, XRP remains above this critical zone.
The $1 level is not just psychological — it is structural.
If XRP holds above $1, the move looks like a healthy macro correction.
If it loses $1 decisively, it would signal broader crypto market capitulation, not an XRP-only issue.
By TradingView - XRPUSD_2026-02-04 (5Y)
XRP fundamentals add important context to the price action:
At $1, XRP would still command a market cap near $60B, placing it firmly among the largest crypto assets. This makes a prolonged move below $1 capital-intensive and unlikely without a systemic market shock.
Importantly, XRP does not face sudden unlock risks, and its remaining supply distribution is well known and gradual — reducing dilution uncertainty.
XRP consolidates between $1.20 and $1.80, stabilising as broader market volatility cools.
A brief wick below $1.00 during a market flush, followed by a fast recovery.
A sustained breakdown below $1 would likely require:
At present, none of these conditions are confirmed.
Despite the current weakness, XRP’s structure suggests a post-breakout correction, not a full trend failure. The market is digesting macro uncertainty, leverage flushes, and shifting liquidity — conditions that often test, but do not immediately destroy, major support levels.
As long as XRP holds above $1, the broader bullish structure from late 2024 remains intact.
By TradingView - XRPUSD_2026-02-04 (All)
XRP is under pressure, but the $1 level remains the line that matters. A move toward it is possible; a sustained breakdown below it would require a broader crypto market breakdown.
$XRP, $BTC


