February 2 News, affected by the ongoing weakness in the cryptocurrency market, XRP has recently experienced a key technical breakdown. Data shows that XRP’s weekly closing price has officially fallen below the 100-week Exponential Moving Average (EMA), a signal that has historically triggered significant corrections. Currently, XRP has closed lower for four consecutive weeks, with a decline of nearly 30% since early January, and is now trading at approximately $1.55, making it one of the weakest mainstream assets in this round of correction.
Market analyst Chart Nerd pointed out that the 100-week moving average has long been regarded as XRP’s “structural support.” From 2023 to 2024, the price has consistently oscillated around this moving average, within a range of about $0.42 to $0.70. In November 2024, driven by expectations of policies related to the Trump administration, XRP broke above this moving average and continued upward, reaching a high of $2.9 in December 2024. Throughout 2025, XRP traded in the $2 to $3 range, with the 100-week moving average also rising accordingly.
After entering the fourth quarter of 2025, XRP tested this moving average multiple times. It fell to $1.58 on October 10, retreated to $1.81 in November, and touched $1.8091 on December 31, all of which saw short-term rebounds. However, the key difference was that in the week ending January 25, the closing price was $1.83, confirming a breakdown of the then-placed 100-week moving average at $1.87.
Chart Nerd mentioned that the last similar weekly breakdown occurred in April 2022, after which XRP experienced a rapid decline of about 60%, eventually falling back near the long-term upward trend line. Based on this historical pattern, XRP could potentially dip to the $0.75 area, aligning with a key trend support level.
However, he also emphasized that this is merely a technical projection based on historical structure and not an inevitable outcome. The more important current observation point is whether the price can regain and stay above the 100-week moving average (around $1.86). If it fails to recover this level, market sentiment may continue to be under pressure; conversely, a rebound could alleviate downside risks and present a phase of recovery opportunities.
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