Monero (XMR) and Ripple's XRP experienced severe selling pressure on February 5, 2026, as a risk-averse sentiment dominated the broader cryptocurrency market. Monero's price fell to around $327, marking a 14% daily loss and extending its weekly decline to roughly 25%. The selloff accelerated after XMR failed to reclaim the $400–$420 support zone, triggering a sharp move lower. Trading volume expanded notably during the decline, particularly below $350, indicating active distribution by market participants.
Technical indicators highlighted Monero's weakness, with the asset trading well below its 50-day moving average near $481 and close to its 200-day average around $370. Volatility spiked to nearly 18%, placing XMR among the market's most volatile major assets. Despite the sharp drop, the 14-day RSI remained in neutral territory, suggesting momentum had not yet reached deeply oversold conditions.
Meanwhile, XRP emerged as one of the worst-performing top-100 cryptocurrencies, plunging almost 22% in a single day. The token's losses extended across multiple timeframes, with a 32% weekly drop and a 50% decline from its January 6 price of $2.40. From its all-time high of $3.65 in mid-July 2025, XRP has erased 67% of its value. The reason for its underperformance relative to other major assets like Bitcoin (BTC) and Ethereum (ETH), which saw more modest 10-11% declines, was not immediately clear.
Amid the downturn, notable XRP supporter EGRAG CRYPTO announced on social media platform X that they had "pulled the trigger after 3 years" by buying XRP at $1.28 as a swing trade. Their plan is to hold for a move toward $2.20 if the price reclaims $1.85, otherwise treating the position as a small allocation if support breaks.
