On February 5th, XRP experienced a sharp sell-off on Thursday, dropping about 10% within 24 hours. The latest price approached $1.43, hitting a new low since November 2024. As the key support level of $1.60 was broken, concerns about further declines to $1.40 or even $1.20 grew stronger. Over the past week, XRP has fallen approximately 20%, with nearly a 40% decline over the past month, while trading volume increased to $5.04 billion, indicating that panic selling is accelerating. From a macro perspective, the entire crypto asset sector is undergoing a deep correction. The daily liquidation volume is about $770 million, mostly from long positions. The Fear and Greed Index dropped to 11, reflecting extreme caution in market sentiment. Meanwhile, the global crypto market cap fell back to $2.42 trillion, as external economic uncertainties prompted funds to shift toward defensive assets.