Ripple’s native token, XRP, has succumbed to the overall market’s downward trend, experiencing a drop that has brought it back to where it commenced in 2026. This decline translates to nearly a 25% reduction in value since its peak of over $2.40 on January 6.

CryptoPotato reported that recent uncertainties in the U.S., including potential government shutdowns and ongoing protests, coupled with tariff threats from the President to Canada, have adversely impacted the market.

Bitcoin has similarly followed this downward spiral, recently hitting a low of just under $87,000, prompting significant liquidations exceeding $300 million within four hours alone.

XRP has mirrored this trend, experiencing a 4.5% drop in just 24 hours, totaling a weekly decline surpassing 11%. It recently fell below $1.83, marking the lowest point since the year began.

Recent analysis by popular analyst Egrag Crypto on X highlighted that the crucial support level is at $1.75. This level is vital for assessing XRP’s near-term prospects, as the upcoming price movement will determine whether it will rebound or continue to dwindle.

#XRP – Sweep & Bounce or Breakdown?
The price just tagged the lower range support.
This is the decision zone.
◾ Liquidity sweep scenario → V-shaped reclaim
◾ Structure still intact above macro trendline
◾ Breakdown only confirmed if we lose support with volume
Levels to watch:… pic.twitter.com/qj33Em0utS