- Ripple‘s XRP token fell to $1.22 earlier today, Feb. 6, 2026, a level last seen in November 2024.
- According to CoinGecko data, the token is down 41.2% over the last month, raising fears it could dip below $1.
- Analysts, such as those at Telegaon, suggest such a drop could set the stage for a future rally to $5.
- Increased ETF inflows in 2025 played a central role for Bitcoin and Ethereum, and XRP’s similar ETFs could catalyze its next cycle.
Ripple’s XRP token tumbled to $1.22 on February 6, 2026, according to market tracking data, revisiting a price point not seen since November 2024. This sharp decline has ignited significant unease among investors who fear a return to sub-dollar valuations for the popular cryptocurrency. However, this potential drop is now being viewed by some analysts as a necessary reset before a major ascent.
The token’s current trajectory follows a period of notable strength in 2025, when XRP soared to a new peak of $3.65 in July. This bullish run was dramatically reversed, however, by a market-wide crash in October that initiated a sustained downtrend. Current data from CoinGecko confirms the severity of the slump, showing a 7.4% drop in the last 24 hours and a 41.2% fall over the previous month.
The broader crypto market decline has been triggered by macroeconomic and geopolitical tensions, deepening a liquidity crunch. Consequently, flagship assets like Bitcoin have broken below key historical support levels, dragging other major tokens like XRP down with them. Despite this, historical patterns for Bitcoin suggest that massive pullbacks have often preceded powerful bull runs to new record highs.
“We could see increased ETF inflows once the bear market is over and investor sentiment returns,” as noted in relation to XRP’s performance. Spot ETFs launched for XRP in 2025 could fuel a recovery similar to those witnessed by Bitcoin and Ethereum. Indicating further optimism, Telegaon analysts also anticipate XRP to breach the $5 mark sometime in 2026.
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