XRP has posted the biggest decline in a recent slide in the cryptocurrency market, deepening investor concerns. On Feb. 6 (local time), XRP at one point fell 13.31 percent on a weekly basis, showing a drop similar to ether’s 15 percent fall. Its losses were larger than BNB’s 12 percent and Cardano’s 8 percent declines. XRP at one point struggled to hold the $1.3 support level.
XRP’s market value fell below $100 billion on Feb. 1, and $133 billion has evaporated from its peak of $216 billion in July 2025. By contrast, BNB, despite being larger than XRP, posted losses of $12 billion, while Cardano recorded a $1.48 billion loss. Experts said large whales were deliberately pushing the price down as XRP is seen as a threat to bitcoin and ether. Vincent Van Code, a software engineer and XRP community figure, claimed, “Because XRP is seen as the biggest threat, whales appear to be moving to suppress it.”
This is pure manipulation, but it will also be very costly for them. Some analysts also say large investors, including Binance founder Changpeng Zhao (CZ), are moving to maintain bitcoin’s dominance, a claim supported by CZ’s own remarks that 98.5 percent of his portfolio is BNB and only 1.3 percent is bitcoin. Van Code, however, claimed, “Bitcoin maximalism is highly toxic,” adding, “XRP is gradually expanding its foothold.” XRP’s price movements have prompted discussions of potential whale involvement in the XRP–bitcoin pair.
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