\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tMeanwhile, the spot XRP ETFs were slightly in the red on February 2 again, but it was nothing compared to last week’s massive withdrawals. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After nearly a week of almost consistent price losses, Ripple\u2019s cross-border token has finally rebounded, marking a 4% increase since yesterday to just over $1.60.<\/p>\n
Analysts rushed to offer their views on the asset\u2019s short-term price performance, with Ali Martinez outlining the next significant support lines if XRP\u2019s current recovery is nothing more than a dead-cat bounce.<\/p>\n
\n3 support levels for $XRP<\/a>:<\/p>\n
\u2022 $1.42
\u2022 $1.27
\u2022 $1.06 pic.twitter.com\/rXZCnhV7yC<\/a><\/p>\n\u2014 Ali Charts (@alicharts) February 2, 2026<\/a><\/p>\n<\/blockquote>\n
CryptoWZRD was more hopeful. The analyst noted<\/a> that XRP had finally closed bullish against the greenback, but its progress will be determined by Bitcoin\u2019s dominance. The metric has remained relatively stable in times of uncertainty and full-on price swings.<\/p>\n
They explained that BTC\u2019s dominance needs to \u201cdecline to get a positive impulse from XRPBTC, which will help BTC become more bullish and head towards the $2.00 resistance relatively soon.\u201d For now, the analyst added that the first target is reclaiming the $1.64 resistance.<\/p>\n
ChartNerd doubled down on their belief that going past $1.64 won\u2019t be enough to resurrect XRP\u2019s run. They added that the token must reclaim the 100 WEMA at $1.87 to \u201cinvalidate a similar 50\/60% drop down to multi-year ascending support.\u201d<\/p>\n
\n\ud83d\udea8 $XRP<\/a> MUST reclaim its 100 WEMA at $1.87 to invalidate a similar 50\/60% drop down to multi-year ascending support, which would look similar to 2022 cycle lows. This is not a prediction, but is definitely worth keeping your eyes on #NFA<\/a>. Bulls gotta step back in soon. https:\/\/t.co\/PHqlcnftF6<\/a> pic.twitter.com\/Sw1BTZFd9F<\/a><\/p>\n
\u2014 \ud83c\uddec\ud83c\udde7 ChartNerd \ud83d\udcca (@ChartNerdTA) February 2, 2026<\/a><\/p>\n<\/blockquote>\n
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The spot XRP ETFs registered their fourth day of net outflows since the inception of the first one in November last year. However, the total amount is rather negligible, with just over $400,000 leaving the funds.<\/p>\n
In comparison, January 29 was the worst-trading day for the financial vehicles, with a $92.92 million exodus, and XRP\u2019s price tumbled<\/a> from $1.90 to $1.70 at the time in less than 24 hours.<\/p>\n
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