XRP fell 24% over the past week amid sustained panic selling that pushed the token to its lowest daily close since November 2024, with on-chain data showing more than 97 million XRP tokens worth about $140 million flowing into exchange wallets over three days as investors prioritize capital preservation over long-term holdings. At the time of reporting, XRP traded near $1.44 after failing to hold the $1.47 support level, with the price drifting toward $1.37.
The altcoin’s Net Unrealized Profit and Loss metric is approaching the capitulation zone, a level where unrealized losses outweigh gains across the circulating supply. Transaction data from Santiment highlights the depth of fear among holders; on Feb. 2, XRP transfers executed at a loss reached $2.51 billion versus only $567 million in profitable movements. Rising exchange balances reinforce the bearish signals, as the $140 million moved onto exchanges over four days typically indicates intent to sell rather than hold.
If bearish conditions persist without meaningful buying interest, further downside appears likely. A break below $1.37 could accelerate selling pressure toward the $1.28 region in the coming days. Conversely, a recovery could unfold if sentiment improves, with reclaiming $1.58 potentially signaling renewed strength and targeting $1.70.
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