- XRP dropped 4-5% due to a technical breakdown and liquidation.
- Key players show retail outflows of 145M XRP and whale accumulation.
- Declining derivatives metrics and record long liquidations above $22M.
XRP’s price dropped 4-5% to approximately $1.71-$1.73 on January 31, 2026, due to a major technical breakdown and increased long liquidations on Binance.
The decline signifies heightened market volatility and highlights a liquidity squeeze as retail panic selling contrasts with whale accumulation, potentially influencing broader crypto trends.
The XRP price has dropped approximately 4-5%, reaching around $1.71-$1.73, outpacing a broader market decline of 0.8%. This significant drop follows a major technical breakdown below the crucial $1.80-$1.90 support zone.
Anonymous traders, particularly retail addresses holding less than 10,000 XRP, drove notable outflows, contrasting with whale accumulation exceeding 82 million XRP. Meanwhile, Binance’s long liquidations surpassed $22 million, highlighting increased volatility.
Major breach after losing $1.80-$1.90 support, targeting $1.65 next or $0.50 long-term.
The Great Martis, Analyst, TradingView
The decline in XRP has impacted market conditions significantly. Exchange-held XRP balances fell over 50% to 1.6 billion tokens, but this was offset by whale activities absorbing supply. Metrics show decreased open interest by 6% and derivatives volume by 39%.
Financial implications are considerable, with exchange balances dropping 50% and long liquidations hitting their highest since November 2025. The lack of direct impacts on BTC or ETH indicates XRP-specific challenges that merit industry attention.
Insights reveal potential for further price volatility, with predictions pointing towards a dip to $1.65 or lower. Analysts suggest technical breaches and liquidation records as precursors to further market movements, emphasizing the need for caution.
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