XRP price plunges 10% in crypto rout as traders hunt for a “washout” bottom
SINGAPORE, Feb 5, 2026, 20:09 SGT
- XRP dropped roughly 10% to about $1.44, marking its steepest single-day fall since October, according to market data.
- Bitcoin and ether dropped roughly 7% apiece, deepening the wider risk-off trend hitting markets.
- A technical analyst pointed to a potential “washout” phase but warned that prices might drop further before that happens.
XRP dropped roughly 10% on Thursday, slipping to around $1.44. This marked its biggest one-day percentage decline since October, according to market data.
The drop came as investors shied away from risk, triggering a tech-driven equity selloff and renewed swings in other assets that rattled sentiment. “Will we see the wheels start to come…
