Why is XRP Price Dropping Today?

XRP price continued falling today, as broader crypto selling pressure stayed strong across major tokens. At press time, XRP was trading at $1.40, down by 3.16% in 24 hours, as per CoinMarketCap data. The token has also dropped 10.74% over the past week and 32.97% over the past month.

Bitcoin Weakens and Crypto Market Dip Affects XRP Price

XRP price is dipping today mainly because the wider crypto market is falling, with Bitcoin leading the move lower. The Bitcoin price dropped about 2.50%, and XRP followed the same direction as selling spread across altcoins. The overall crypto market cap also fell 2.50% to $2.34 trillion, confirming a broad risk-off session.

Sentiment indicators also showed the same pressure. CoinMarketCap’s Fear & Greed Index recovered slightly but stayed at 10, which still signals “Extreme Fear.” However, the low score shows traders are still cautious, which has kept buying activity limited during the decline.

Large wallet movements have added to the uncertainty. Whale Alert reported 125,000,000 XRP worth $177,053,247 transferred from an unknown wallet to an unknown wallet. Also, there was a prior movement of 116,661,476 XRP valued at $165,955,281 moved between unknown wallets. Whale Alert also reported another movement of 50,000,000 XRP worth $70,378,108 moved from an unknown wallet to Bybit.

Moving Averages and Volume Show XRP’s Weakness

XRP has remained in a medium to long-term downtrend from mid-August 2025 through early February 2026. Price has consistently stayed below the 200-day moving average, which moves downward near $1.83. 

Source: Santiment

The 50-day moving average has also rolled over and previously crossed below the 200-day moving average, indicating XRP’s bearish structure. The sell-off increased after the XRP price dropped from the $3.30 to $3.10 range in early August. 

Since then, the token has formed lower highs and lower lows while breaking multiple support zones. Notably, relief rallies in September, November, and early January failed near $2.25 to $2.30, which now acts as key resistance.

A CoinGape market analysis noted the latest decline has pushed XRP into the $1,40 support zone. Although price led to a small bounce, buying strength remained limited. Volume spikes during sell-offs suggested heavy distribution, while rebounds happened on lighter volume, showing weaker conviction.

Analysts Predict Potential Near-term Prices

Several analysts outlined key levels as the XRP price traded near February lows. Crypto Seth said XRP is retesting the 200-weekly level, which previously acted as resistance. He added that if XRP loses this area, the next retest could come near $1.00.

Analyst Ali also pointed to technical signals. He said the TD Sequential indicator timed XRP’s local top and is now flashing a buy signal. However, the price still remained below major moving averages, keeping the pressure.

CRYPTOWZRD described XRP’s daily close as indecisive and said XRPBTC strength could help XRP if Bitcoin dominance drops further. He added that XRP needs to hold above $1.53 for a long setup. He also said a retest of the $1.38 support followed by a reversal could offer a long opportunity.