XRP Falls to Nine-Month Low as Ripple Builds on Strong Fundamentals and RLUSD Expansion

XRP slides to $1.60 amid macro FUD and BTC dominance, but rising RWA TVL and regulatory progress point to upside in H2.

2026-02-01

XRP has slipped to $1.60 for the first time in nine months, with a 9% pullback so far in 2026 that effectively wipes out the gains posted after the election cycle. Despite the price softness, XRP’s fundamentals remain constructive, with tokenization advancing and RWA TVL up 11% over the past 30 days to a record $235 million. The movement in price has not fully reflected these fundamentals, and XRP’s actions remain closely tied to Bitcoin’s performance.

Ripple’s RLUSD push includes regulatory licenses secured across multiple countries and the establishment of a Ripple Treasury, underscoring the program’s potential across Europe. XRP just broke the $1.80 support level, rattling conviction among traders as BTC movements continue to influence XRP.

ETF inflows, strategic partnerships, regulatory progress, and the record RWA TVL signal continued institutional interest, even as near-term FUD persists. While macro FUD and BTC dominance weigh on sentiment in the near term, the combination of stronger fundamentals, regulatory progress, and RLUSD expansion points to upside potential in the second half. Institutions appear to be pricing in a longer time horizon, even as price action trades with cautious conviction.