XRP has had a rough ride lately, with the broader crypto market feeling the heat from global uncertainty and shaky investor confidence. After a sharp sell-off, the token is now hovering close to a key support zone, leaving traders wondering whether $1 could be the next major level to watch.
Over the past few weeks, XRP has slid more than 20%, briefly dipping to around $1.13 before finding some footing near $1.40. This pullback comes as macroeconomic worries and geopolitical tensions continue to weigh on risk assets, including cryptocurrencies. Compared to Bitcoin, XRP often feels the impact of market sell-offs more strongly, partly because it attracts less institutional money. When investors turn cautious, XRP tends to move faster and further to the downside.
The past month has been particularly tough. XRP is down nearly 40% over that period, mirroring weakness across the wider crypto space. The steep drop seen this week suggests that forced liquidations from recent declines may still be working their way through the market, keeping price swings elevated. At the same time, demand for spot XRP ETFs has been relatively soft, signaling that big buyers are staying on the sidelines for now.
Adding to the uncertainty are global political risks. Rising fears around potential conflict involving Iran have triggered “risk-off” behavior in markets, pushing investors toward safer assets and away from volatile plays like altcoins. Bitcoin has felt the pressure, and XRP has followed suit.
Looking ahead, traders are paying close attention to upcoming U.S. economic data, which could set the tone for the next major move. The January jobs report is scheduled for release on February 11, followed by inflation figures (CPI) on February 13. Both were delayed due to a brief government shutdown. These reports could influence expectations around interest rates and the broader economy, which often spill over into crypto markets.
So, where does XRP go from here?
After the recent plunge, the market appears to be in “wait and see” mode. Rather than bouncing sharply, XRP is more likely to trade sideways in the short term as investors look for clearer signals from the macro backdrop. Current price action suggests a trading range between roughly $1.13 on the downside and $1.50 on the upside.
If selling pressure picks up again and XRP slips below the $1.13 support area, the psychologically important $1.00 level could come into play. On the flip side, a sustained move above $1.50 may hint that buyers are regaining some confidence. For now, though, the outlook remains cautious, with XRP caught between fragile sentiment and an uncertain global backdrop.
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