Crypto: Xrp Price Slips Below $1.60: How Low Can It Go In February? 2026

XRP’s bearish chart pattern signaled a possible price correction toward $1.22, fueled by declining demand and open interest.

XRP (XRP) price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February.

XRP’s bear pennant on the four-hour chart targets $1.22.

XRP futures open interest dropped to $2.61 billion, which gives some hope for the bulls.

On Saturday, XRP price fell about 14% from a high of $1.75 to a low of $1.50, losing the $1.60 support level for the first time since November 2024.

The latest drop has put it into the breakdown phase of its bear pennant setup, as shown on the four-hour chart below.

Related: Price predictions 1/30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

XRP dropped below the pennant’s lower trendline on Tuesday, then rebounded to retest it as support. The price is likely to drop lower if the retest fails and a four-hour candlestick closes below this level at $1.58.

The measured target of the bear pennant, calculated by adding the height of the initial drop to the breakout point, is $1.22, representing a 23% drop from the current price.

XRP’s recovery to $2.40 in January turned out to be a “fakeout” as the price continued to form “price formed a fresh lower lows,” pseudonymous analyst AltCryptoGems said in a recent post on X, adding:

Source: CoinTelegraph