XRP Plummets to Critical Support as 2026 Gains Vanish

XRP’s market cap is well behind BNB’s now.

Ripple’s native cross-border token has joined the broader market in the past few hours, posting new losses that took it south to its 2026 starting position.

This means that the asset has plunged by almost 25% since January 6, when it peaked at over $2.40.

CryptoPotato reported earlier today that the latest uncertainty unravelling in the US, including the expected government shutdown, ongoing protests in some states, and tariff threats from the POTUS against Canada, has harmed the market.

At the time, BTC had dipped to $87,500, but it continued its descent to a new 2026 low of just under $87,000. Bitcoin’s crash took the altcoins with it, leaving over $300 million worth of liquidations in the past four hours alone.

XRP is no exception. The asset has dropped by 4.5% in the past 24 hours and more than 11% weekly. It slipped below $1.83 minutes ago, which became its lowest price tag since the start of the year.

Following its latest retracement, XRP plunged to important levels, as flagged by popular analyst ERGAG CRYPTO. In a new post on X, they argued that $1.75 is the asset’s first key defense, which is close to being tested.

This lower-range support could be pivotal in determining XRP’s short-term performance, as the analyst asked whether the next move is a “sweep and bounce or a breakdown” if that level is tapped.

You may also like:

#XRP – Sweep & Bounce or Breakdown?

Price just tagged the lower range support.
This is the decision zone.
▫️ Liquidity sweep scenario → V-shaped reclaim
▫️ Structure still intact above macro trendline
▫️ Breakdown only confirmed if we lose support with volume

Levels to watch:… pic.twitter.com/qj33Em0utS

— EGRAG CRYPTO (@egragcrypto) January 25, 2026