XRP bearishness has extended into February, with the asset breaching key support levels and analysts now projecting a possible further drop toward the $1 zone. In this context, market analyst Ali Martinez has outlined a clear technical framework suggesting the token could slide further if current conditions persist. In an X post on February 1, the analyst based his outlook on XRP’s weekly charts, which show the token locked in a prolonged downtrend after failing to sustain momentum above the $3.40 region earlier in the cycle. XRP price analysis chart. Source: Ali Martinez That rejection marked a major macro top, followed by a steady sequence of lower highs and lower lows. Price action has since deteriorated, with XRP recently slipping below the $2.52 mid-range level that previously acted as a consolidation zone, confirming a broader loss of bullish structure. According to Martinez’s assessment, resistance is firmly established at $1.86, a level that aligns with prior weekly support turned resistance. Indeed, the outlook points to multiple failed attempts to reclaim this area, reinforcing it as a ceiling that sellers continue to defend. As long as XRP remains below this threshold, upside recoveries are likely to be capped and vulnerable to renewed selling pressure. XRP’s downside target On the downside, the analysis highlighted $1.38 as the next major support, corresponding with a historical demand zone that previously triggered short-term rebounds. A decisive weekly close below this level would weaken the remaining bullish defenses and open the door to a deeper decline. Below $1.38, the final notable support sits near $1.02, a level that closely aligns with the psychological $1 mark and represents the last major floor before a potential breakdown into uncharted bearish territory. This outlook comes as XRP continues to struggle in tandem with broader cryptocurrency market sentiment. The decline tracks heavy losses across the market, with Bitcoin ( BTC ) falling below $75,000. Key drivers of the downturn include macroeconomic uncertainty, Fed leadership changes raising fears of prolonged high interest rates, geopolitical tensions, a partial U.S. government shutdown, and capital rotating toward safer assets. Overall, no major Ripple-specific negative news has emerged to drive the current price drop. XRP price analysis By press time, XRP was trading at $1.59, having plunged about 4.5% in the past 24 hours, while on the weekly timeframe, the asset is down nearly 16%. XRP seven-day price chart. Source: Finbold At current levels, XRP is well below both key moving averages. The price sits far under the 50-day SMA at $1.96 and the 200-day SMA at $2.46, signaling sustained downside momentum and a lack of trend support in the medium to long term. At the same time, the 14-day RSI at 27.36 places XRP deep in oversold territory. This suggests selling pressure may be stretched and raises the probability of a short-term technical bounce. However, with price still decisively below both SMAs, any rebound is likely corrective rather than a confirmed trend reversal unless XRP can reclaim the 50-day average with follow-through. Featured image via Shutterstock The post Expert sets XRP’s path to $1 crash appeared first on Finbold .
