Feb 6, 2026
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BEARISH 📉 : XRP suffers 26.5% drop amid heavy liquidations and panic selling
The crypto market is experiencing significant declines, with XRP facing a 26.5% drop over the past week due to heavy capital outflows and large-scale liquidations. Analysts are now focusing on potential support levels rather than rebound timing.
Panic-Driven Market Breakdown Keeps XRP Under Pressure
- XRP's decline is part of broader panic conditions, not controlled profit-taking.
- Bitcoin has lost nearly 10%, while XRP's losses approach 20% during this downswing.
- Bullish divergence signals have been invalidated, indicating ongoing price weakness.
- Market remains in discovery mode for demand, with forced selling evident.
Key Fibonacci Zones Define XRP’s Stabilization Path
- Analyst highlights $1.09 as a critical macro retracement zone for potential support.
- This level aligns with the 0.786 Fibonacci retracement, marking deep correction territory.
- Current price behavior is fast and emotionally driven, suggesting possible overshoots.
- Bitcoin support at $64,500 could influence XRP's stabilization efforts.
The market is still seeking structural confirmation for stabilization, with $1.09 as a potential checkpoint for XRP to regain footing if sell pressure diminishes.
