XRP risks deeper losses below $1.69 as ETFs bring $1.3B; $1.97 is key

XRP is entering February under pressure, down nearly 7% in the past 24 hours and about 5% over the past month, and risks deeper losses below $1.69. BeInCrypto’s data shows a median February return near −8.12% and ETF inflows have exceeded $1.3 billion to date. Technically, XRP trades inside a long-term descending channel that has capped rallies since mid-2025 and is now drifting toward the channel’s lower boundary.

A prior hidden bearish divergence (price lower high vs. RSI higher high between Oct. 2 and Jan. 5) preceded a nearly 30% decline; a possible bullish divergence is now forming (price lower low vs. RSI attempting a higher low). For that bullish divergence to confirm, BeInCrypto says the next 2-day XRP candle must close above $1.71 and RSI must stay above 32.83.

If those conditions fail, the bearish channel remains in control; if they hold, downside momentum would weaken and rebound potential would improve. On-chain signals are mixed. The Chaikin Money Flow rose between Jan. 5 and Jan. 25—suggesting larger-wallet accumulation—while ETF flows improved toward month-end despite net negative January flows driven by heavy outflows on Jan.

21. Vasily Shilov of SwapSpace told BeInCrypto that ETF flows are currently more reliable directional drivers and that range-bound movement is likely without macro clarity. Exchange flow balances have flipped from −7.64 million to +3.78 million since Jan. 17, with inflow peaks on Jan.

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