It’s safe to say that the cryptocurrency markets have seen better days as bitcoin led the way toward another substantial crash on Thursday afternoon that culminated hours ago with new multi-month lows.
Ripple’s cross-border token is no exception, as the asset dumped to $1.70 for the first time since the early October massacre, when it dipped below $1.60 on most exchanges and even beneath $1.00 on a few.
The chart above paints a highly painful picture for Ripple’s token this year. Although it’s hard to believe now, recall that it skyrocketed in the first week of 2026 to just over $2.40 in times when the market showed minor signs of revival and the inflows toward the spot XRP ETFs were steady and impressive.
However, both have changed in the past few weeks, perhaps driven by growing geopolitical uncertainty on many fronts, the latest being between the US and Iran.
As such, one of the two significant reasons behind XRP’s latest crash to a multi-month low is the overall market-wide state, in which BTC dumped to $81,000, and many altcoins plummeted by 8% or more.
The second, though, could be attributed to the aforementioned ETFs, which recorded their worst single-day net-flow performance since the first, Canary Capital’s XRPC, launched in mid-November.
Data from SoSoValue shows that the total net outflows for January 29 stood at $92.92 million, which brought the cumulative net inflows down to $1.17 billion from $1.26 billion. Moreover, this amount is almost as high as the previous net outflows combined.
CryptoWZRD weighed in on XRP’s recent performance, indicating that as long as the asset remains below $1.82, traders could expect “more random movement.” A rebound to over that level, though, could turn the tables in a more favorable manner for the bulls.
The post Ripple’s XRP Crashes to 3.5-Month Low: Here’s Why appeared first on CryptoPotato.
XRP dumped to $1.70 hours ago. Crypto Bits, Crypto News, Ripple (XRP) ETF, Ripple (XRP) Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.