TLDR

  • XRP is currently trading around $1.55-$1.60, a price point not seen in almost two years, following a decline from its July 2025 high of $3.66.
  • The cryptocurrency experienced a breakout from a consolidation phase in November 2024, surging from $0.50 to $2.00 before reaching $3.66 in July 2025.
  • XRP spot ETFs hold a total of $1.19 billion in assets, and the patterns of inflows may indicate potential support for a price rebound in the near term.
  • Ripple Labs obtained full Electronic Money Institution approval from Luxembourg’s CSSF on February 2, 2026, thereby expanding its operational reach within the EU.
  • Discussions at White House meetings involving cryptocurrency and banking representatives highlighted ongoing obstacles concerning legislation for stablecoin yields and the Market Structure Bill.

The price of XRP has fallen to levels not observed since early 2024, placing the cryptocurrency at a critical technical juncture. The token is presently trading between $1.55 and $1.60, having decreased from its peak of $3.66 in July 2025.

xrp price

The current price level represents a return to the breakout zone observed in November 2024. Throughout most of 2023 and early 2024, XRP was trading within a narrow range between $0.45 and $0.70. In November 2024, the token surpassed this range, experiencing a rapid increase from approximately $0.50 to $2.00 within a few weeks.

From December 2024 to March 2025, XRP underwent consolidation, trading between $2.00 and $3.20. Subsequently, the token advanced further, reaching $3.66 in July 2025. However, repeated attempts to maintain prices above $3.50 were unsuccessful, leading to increased selling pressure in the latter half of 2025.

The current price area is situated near the midpoint of the November 2024 breakout movement. This region previously served as resistance before transitioning into support. A breach below the current levels would expose the $1.30 to $1.35 range, with psychological support anticipated around $1.00 to $1.10 below that.

ETF Activity Shows Mixed Signals

The total net assets across XRP spot ETFs are approximately $1.19 billion. Daily flows have become inconsistent, with some days showing moderate inflows that suggest a cautious approach to market participation.

Previous periods characterized by significant ETF inflows have coincided with XRP price consolidation or rallies. An increase in daily inflows could contribute to absorbing selling pressure at the current levels. ETF flows represent institutional buying activity distinct from retail trading.

Ripple Secures European Regulatory Approval

On February 2, 2026, Ripple Labs announced it had received full approval for an Electronic Money Institution license from Luxembourg’s financial regulatory body, the CSSF. This followed preliminary approval and the fulfillment of all necessary conditions.

This license enables Ripple to conduct operations throughout the European Union under a standardized framework. It builds upon the recent approval received from the United Kingdom’s Financial Conduct Authority, where Ripple secured both an EMI license and cryptoasset registration.

Ripple now holds over 75 regulatory licenses globally, positioning it among the most regulated entities in the digital asset sector.

White House meetings held on February 2 between representatives from the banking and crypto industries highlighted ongoing challenges related to cryptocurrency legislation. Discussions primarily focused on regulations for stablecoin yields. A statement issued by banking trade groups underscored the importance of safeguarding the financial system and local lending practices.

Representatives from the crypto sector aimed to discuss specific solutions concerning yields. Banking trade representatives, however, avoided detailed discussions and did not propose concrete solutions. These differing approaches suggest that negotiations may encounter obstacles.

The US Senate Banking Committee has postponed a markup vote on its draft legislation for the Market Structure Bill. Coinbase has withdrawn its support, citing that the draft text eliminated rewards on stablecoins.

XRP ended a five-day losing streak on February 2, following robust US ISM Manufacturing Index data that indicated a return to expansion in the sector. The token saw a gain of 1.90% on that day, closing at $1.6192.

Technical analysis indicates that XRP is trading below its 50-day and 200-day moving averages. Key support levels to monitor include $1.50 and $1.00, while resistance levels are identified at $1.75, $2.00, and $2.50.