XRP price has extended its recent losses, trading below the $1.5320 level and attempting a recovery that faces significant hurdles near $1.6250 and $1.650. The price declined sharply, forming a low near $1.50, and is now trading below $1.6220 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance at $1.6250 on the hourly chart, indicating continued selling pressure.
On a broader scale, XRP price fell over 20% in the past week, dropping to $1.53—its lowest level since November 2024. This decline is part of a wider market correction, with the broader crypto market falling around 15% due to macroeconomic and geopolitical headwinds eroding investor risk appetite. The sharp corrections triggered significant liquidations, with over $528 million in long positions wiped out in 24 hours, including roughly $6.65 million in XRP longs.
Three primary bearish catalysts are pressuring XRP: First, the XRP Ledger is struggling in DeFi, with only 19 protocols and a Total Value Locked (TVL) of $54.6 million, down over 32% from early January. Second, the XRP burn rate has plummeted, with only 523 tokens burned on Feb. 3 compared to over 4,500 in August 2025. Third, spot inflows into XRP ETFs have dwindled, drawing just $15.59 million in net inflows in January, a stark reversal from the $666 million and $500 million recorded in November and December 2024.
Technically, XRP is trapped within a descending parallel channel on the weekly chart, confirming the bearish trend. It has slipped below its 20, 50, and 100-day moving averages and risks breaking the $1.56 Murrey Math pivot level. If the price fails to clear the $1.6250 resistance, a fresh decline toward support at $1.550 and $1.5250 is likely. A close below $1.5250 could see the price drop toward $1.50 and potentially $1.4650. Conversely, a close above the $1.650 resistance could initiate a recovery toward $1.7190 or higher.
