XRP Price Cracks $1.50 Support, Bears Eye Lower Targets Next

XRP price cracked the $1.50 support level on February 4, 2026, marking a significant short-term bearish development. The token traded below $1.50 and faced immediate hurdles near $1.5320 and $1.550. Traders are now closely monitoring if the price can stabilize above these levels or continue its downward trajectory.

The move came amid broader market weakness, with crypto assets including Bitcoin and Ethereum also experiencing declines. XRP's price action showed increased volatility as it tested the $1.5320 resistance zone multiple times without sustaining a breakout.

On-chain metrics and technical indicators reinforced the bearish bias. The hourly RSI for XRP/USD fell below the 50 level, and the MACD showed momentum in the bearish zone. These readings suggest that selling pressure remains intact, with further downside possible if the price breaks key supports.

Why Did This Happen?

XRP's price decline appears to be influenced by both broader market conditions and technical factors. The token has struggled to hold above its 200-day moving average, which currently resides near $2.49, a key psychological and structural hurdle for buyers.

Additionally, XRP failed to gain momentum above $1.60 and $1.6250, which were seen as critical resistance levels in early February. Institutional buyers, such as Bank of America, have shown interest through XRP ETFs, but that has not been enough to reverse the bearish trend.

How Did Markets Respond?

The market reaction to the $1.50 break was mixed. On one hand, there were signs of reduced downside risk, as on-chain data showed a potential stabilization near key support levels. On the other hand, the price continued to trade below key moving averages, with further declines possible if the $1.50 level is broken decisively.

XRP ETF flows also provided some insight into institutional sentiment. While there were net inflows of 12.6 million XRP in early February, the recent price action suggests cautious positioning. ETFs now hold 13.15 million XRP in total, with outflows near 590,000 XRP for the week.

What Are Analysts Watching Next?

Analysts are keeping a close eye on key support and resistance levels. The immediate support for XRP is near $1.5320 and $1.550, with the $1.50 level acting as a critical psychological and technical threshold. If XRP manages to stabilize above $1.5320, it could target a rebound toward $1.5850 or $1.60. A sustained move above $1.60 would be a positive sign for bulls, potentially opening the path to $1.650 and $1.70.

However, if the price fails to hold above $1.5320, it may face further declines toward $1.4320 and $1.4250. Traders are also monitoring the 23.6% and 50% Fibonacci retracement levels as potential zones of interest. Technical indicators such as the RSI and MACD are expected to play a role in shaping the next move. A shift in momentum, particularly above the 50 RSI level, could signal a potential recovery. However, as long as the price remains below the 200-day moving average, the overall trend remains bearish.

Investors are also watching for any signs of renewed institutional demand. While XRP ETFs have seen inflows in the past, recent data shows mixed signals, with outflows continuing to be observed.

Until broader crypto market conditions improve, XRP's price is likely to remain in a consolidation phase between $1.48 and $1.84. A breakout above the $1.84 resistance level would be a significant technical signal for bulls.