XRP Price Dips Below Key Support Level, Eyes $1.70 Mark

Key Insights

• XRP price continues to struggle, falling below $1.80 support, now testing $1.70 as bearish momentum prevails.
• Market-wide declines see major cryptocurrencies like Bitcoin and Ethereum lose significant ground, exacerbating XRP’s challenges.
• Despite government shutdown concerns easing, XRP faces growing bearish pressure, with market sentiment shifting away from it.

XRP is experiencing significant downward pressure, dropping below the $1.80 support level and now testing the $1.70 mark. This comes as part of a larger trend affecting the entire cryptocurrency market. Recent regulatory shifts and the evolving situation around the XRP ETF have contributed to the decline, pushing the price further away from previous highs around $1.90-$2.00.

The broader cryptocurrency market has also felt the effects, with a 5.95% drop in total market capitalization. This decline has resulted in over $1.7 billion in liquidations, primarily driven by leveraged long positions and major whale actions. Bitcoin’s price fell below the $85,000 mark, and Ethereum is now trading under $3,000, a 7% loss, highlighting the market’s challenges.

While the threat of a government shutdown has diminished following bipartisan negotiations in the Senate, market sentiment remains fragile. President Trump and Senate Majority Leader Chuck Schumer have brokered a deal, averting another shutdown. However, the ongoing disagreements regarding financial support for Immigration and Customs Enforcement (ICE) and restrictions on immigration enforcement remain sticking points in negotiations. Despite this, the fear of a shutdown is easing, though the outcome still hinges on political unity.

XRP Sees Significant Outflows, Ethereum and Solana Gain Momentum

According to recent data from SoSoValue, XRP saw a substantial outflow of $92.92 million, a stark contrast to Ethereum’s $28.10 million inflow. Additionally, Solana’s spot ETFs registered a positive net inflow of $6.69 million, indicating stronger sentiment around some other cryptocurrencies. These shifts in capital highlight the different market sentiments surrounding various assets.

Source: TradingView

As of January 30, 2026, XRP has crashed to $1.74, struggling to maintain support. The coin is currently in a declining channel, with lower lows and lower highs signaling continued bearish momentum. The Relative Strength Index (RSI) has dipped to 29, indicating that XRP is oversold and could face a possible reversal. However, the Moving Average Convergence Divergence (MACD) remains negative, showing a lack of upward momentum and limited strength for a rebound.

Support and Resistance Levels Remain Critical for XRP’s Future

Looking ahead, the key support level for XRP remains at $1.70, with the coin’s ability to hold above this price critical for its future direction. If it fails to maintain this level, further declines may be on the horizon. The resistance level at $1.90 remains a significant hurdle in the event of a price rebound.