XRP Slides to $1.22, Eyes $1 Support As ETF Hopes Clash With Macro Headwinds

Ripple’s XRP slid back to $1.22 on Feb. 6, 2026 — a price last seen in November 2024 — as the token extends a months-long pullback from last year’s highs. After a bullish 2025 that saw XRP reach a peak of $3.65 in July, the asset has trended lower, with selling pressure accelerating following the October market crash. CoinGecko figures show the token down 7.4% in the past 24 hours, 25% over the last week, 30.6% on the 14-day chart and 41.2% over the previous month. Market angst is growing: some investors now fear XRP could slip below the psychologically important $1 level. Optimists, however, argue a deeper retracement might clear weak hands and set the stage for a stronger recovery that could eventually push XRP past $5. Broader macro forces are pressuring crypto markets. Analysts point to persistent macroeconomic uncertainty and global geopolitical tensions as the initial triggers, while a tightening liquidity environment has amplified losses. Bitcoin’s recent weakness — trading under its 2021 all-time high and flirting with lower thresholds in the near term — has also weighed on altcoins like XRP, which often follow BTC’s direction. Proponents of a cyclical rebound note that sharp drawdowns in past cycles preceded substantial rallies, and expect XRP to benefit if a renewed bull market materializes. The introduction of several spot XRP ETFs in 2025 is another factor market watchers highlight. Exchange-traded products helped drive significant capital flows in the 2025 cycle, boosting assets such as Bitcoin and Ethereum; a revival in investor sentiment and ETF inflows could similarly support XRP during the next uptrend. Looking ahead, sentiment is divided. Some analysts on Telegaon project XRP could breach $5 later this year if liquidity and risk appetite recover; others caution that macro headwinds and continued BTC weakness could prolong the downtrend. For now, traders will be watching support around $1 closely as a key inflection point for the token’s next move. Read more AI-generated news on: undefined/news