XRP’s price fell to $1.35 today, marking a 3.16% decline over the last 24 hours. The downturn was largely influenced by Bitcoin’s 2.50% drop, which has sent ripples through the broader crypto market.
The current crypto market capitalization has dipped by 2.50% to approximately $2.34 trillion, indicating a risk-off sentiment gripping digital asset traders.
According to the Fear & Greed Index, investor sentiment remains overwhelmingly negative, maintaining a grim score of 10, signaling “Extreme Fear” among market participants. This environment has led to limited buying activity, as traders exercise caution.
Adding to the market’s uncertainty, Whale Alert has reported several significant transfers of XRP, totaling around 291 million tokens. Notably, one transaction involved a transfer of 125 million XRP, valued at approximately $177 million, between unknown wallets.
The overall bearish trend of XRP aligns with technical analyses showcasing the token trading below its 200-day moving average, which is located at approximately $1.83. Resistance is identified within the $2.25 to $2.30 range, while the current support area hovers around $1.40.
Market Analysis and Whale Activity
The recent sell-off is a continuation of the downward trend XRP has experienced since mid-August 2025, characterized by lower highs and lows, breaking through multiple support zones. Notably, recovery attempts in September, November, and January were stymied around the $2.25 to $2.30 resistance levels.
Market analysts highlighted that XRP recently retested the 200-week moving average. Some experts suggest that if this support level fails to hold, a further decline toward the $1.00 mark could be expected.
Currently retesting the 200-weekly level for $XRP. Losing this area could lead to a retest closer to $1.00. #Altcoins
— Crypto Seth (@seth_fin) February 10, 2026
In contrast, some analysts have pointed out potential signs of optimism, with the TD Sequential indicator indicating a possible buy signal. However, intersecting resistances might hinder bullish momentum. It seems urgent for XRP to stay above the critical range of $1.38 to $1.46 to avoid further descending pressures.
Legislative Developments and Future Outlook
Future movements for XRP may hinge on upcoming regulatory clarity provided by a Senate meeting scheduled for February 10. This gathering might facilitate discussion on the Clarity Act, intended to streamline crypto regulations in the U.S., which could alleviate regulatory uncertainty surrounding XRP.
Scott Bessent, head of the U.S. Treasury, acknowledged the Clarity Act’s transformative role in establishing the country as a crypto capital, and a senior Coinbase representative indicated the bill is likely to be passed soon, offering hope for a favorable regulatory framework.
The passage of this legislation might significantly change the operational landscape for XRP and similar digital assets, potentially bolstering investor confidence moving forward.
