Singapore, Feb 6, 2026, 19:20 SGT — Regular session
- XRP found some footing following volatile swings, as traders pulled back from risk across the crypto space.
- Derivatives liquidations remained intense, causing spot prices to swing sharply.
- Next week, attention shifts to U.S. data and whether the wider crypto sell-off is starting to cool off.
XRP dipped Friday, finishing down roughly 1.6% at $1.35. It swung between $1.13 and $1.38 in the last 24 hours, according to CoinMarketCap.
The token has been acting like a risk barometer, mirroring the wider crypto swings and the ripple effects from a tech-driven selloff. XRP has seen sharp falls and sudden rebounds as traders adjust their stances.
Bitcoin snapped back from a 16-month low after dipping to the $60,000 mark, with ether also gaining ground, relieving some of the strain on major tokens. “A lot of these big crowded positions are being unwound very, very quickly,” said Chris Weston, head of research at brokerage Pepperstone. Joshua Chu, co-chair of the Hong Kong Web3 Association, called the retreat a “reality check” for investors who viewed bitcoin as a one-way bet. (Reuters)
The brutal market bleed has hit listed firms linked to crypto holdings, reinforcing that this selloff goes beyond a one-day dip. “As Bitcoin falls below the key $70,000 mark, it’s clear the crypto market is in full capitulation mode,” said Nic Puckrin, co-founder of crypto analysis site Coin Bureau. He pointed out that previous shifts of this kind “usually stretch over months, not weeks.” (Reuters)
CoinGlass reported that about $70 million worth of XRP futures were liquidated in the last 24 hours. These liquidations occur when leveraged trades hit margin calls, forcing positions to close, which can intensify price moves, especially in less active markets. (coinglass)
XRP, the token linked to Ripple Labs, has been weighed down by the company’s ongoing legal battle with U.S. regulators. In March 2025, Ripple announced that the U.S. Securities and Exchange Commission dropped its appeal of a 2023 decision ruling that XRP sold on public exchanges doesn’t qualify as a security. (Reuters)
Near-term, XRP faces more danger from a wider selloff in risk assets than from token-specific news. A fresh drop in tech stocks or changes in interest rate forecasts might spark another wave of forced selling, pushing XRP back toward its recent lows.
Traders are eyeing if crypto’s bounce can stick through the weekend, while U.S. economic data could shake markets once more. The January Employment Situation report is due Feb. 11 at 8:30 a.m. ET, per the Bureau of Labor Statistics schedule. (Bls)
