XRP dumped to $1.70 hours ago.
It’s safe to say that the cryptocurrency markets have seen better days as bitcoin led the way toward another substantial crash on Thursday afternoon that culminated hours ago with new multi-month lows.
Ripple’s cross-border token is no exception, as the asset dumped to $1.70 for the first time since the early October massacre, when it dipped below $1.60 on most exchanges and even beneath $1.00 on a few.
The chart above paints a highly painful picture for Ripple’s token this year. Although it’s hard to believe now, recall that it skyrocketed in the first week of 2026 to just over $2.40 in times when the market showed minor signs of revival and the inflows toward the spot XRP ETFs were steady and impressive.
However, both have changed in the past few weeks, perhaps driven by growing geopolitical uncertainty on many fronts, the latest being between the US and Iran.
As such, one of the two significant reasons behind XRP’s latest crash to a multi-month low is the overall market-wide state, in which BTC dumped to $81,000, and many altcoins plummeted by 8% or more.
The second, though, could be attributed to the aforementioned ETFs, which recorded their worst single-day net-flow performance since the first, Canary Capital’s XRPC, launched in mid-November.
Data from SoSoValue shows that the total net outflows for January 29 stood at $92.92 million, which brought the cumulative net inflows down to $1.17 billion from $1.26 billion. Moreover, this amount is almost as high as the previous net outflows combined.
You may also like:
-
Ripple CTO Emeritus Debunks Unrealistic XRP Price Predictions
-
XRP Defies Price Dip With 42 New Millionaire Wallets in 2026
-
Ripple (XRP) and Cardano (ADA) Show Deeper Undervaluation Than Bitcoin (BTC)
CryptoWZRD weighed in on XRP’s recent performance, indicating that as long as the asset remains below $1.82, traders could expect “more random movement.” A rebound to over that level, though, could turn the tables in a more favorable manner for the bulls.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
