XRP Dips Below $1.60 as Crypto Market Experiences a Pullback

XRP is currently facing pressure from a broader pullback in the cryptocurrency market, dropping below the $1.60 mark. The coin has lost nearly 15.7% over the past week and is trading about 20% lower than its January highs. Despite these declines, there are positive inflows into ETFs focused on XRP.

Key Takeaways

XRP has decreased around 15.7% in the last week.
The coin is nearly 20% lower than its highs in January.
Open interest for XRP has fallen approximately 6.06% over the last 24 hours.
While XRP's price struggles, ETFs related to XRP have seen $16.7 million in inflows.
Immediate support for XRP is found at $1.55, with resistance around $1.62 - $1.67.

XRP Dips Below $1.60 as Crypto Market Experiences a Pullback

Current Market Performance

XRP's current drop is representative of a larger downturn in the crypto market, particularly as Bitcoin—being the first and largest cryptocurrency—faces a decline of over 40% since reaching an all-time high in October 2025. This downturn extends to other major altcoins as well.

Even with the price depreciation, there's positive news in the world of Exchange-Traded Funds (ETFs). On January 30, XRP-related funds attracted approximately $16.7 million, suggesting that despite significant selling pressure, capital is still entering ETFs. Leading the charge is the 21Shares XRP ETF (TOXR), which saw inflows of $8.19 million, according to data from SoSoValue.

XRP Price Analysis

Looking at XRP's one-day price chart, the coin reached an intraday peak of $1.61 before settling at $1.58. This movement reinforces the prevailing bearish sentiment in the market. The immediate support level is identified at $1.55. If the price continues to decline, XRP could potentially fall toward the $1.50 region. On the other hand, any recovery will encounter resistance between the $1.62 and $1.67 range. A strong breakout through this zone could indicate a shift in momentum favoring buyers.

XRP Price Analysis
Source: TradingView

From an analytical perspective, the moving average convergence divergence (MACD) line for XRP is currently situated below the signal line, reinforcing the downtrend. The Relative Strength Index (RSI) is at 26, indicating XRP is in an oversold position below the critical 30 level. Overall, while XRP faces pressure due to market volatility, the oversold condition suggests a possible short-term price consolidation ahead.

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