XRP price is under serious pressure right now. As of January 31, 2026, XRP is down 8.49% with liquidations continuing to climb throughout the day, extending a brutal sell-off that's hitting the entire crypto market hard.
The live XRP price today is $1.61 USD with a 24-hour trading volume of $6,051,652,561 USD. XRP is down 10% to $1.58, with Solana falling 14% to $101, and Dogecoin diving 13% to $0.101. This represents a massive pullback from late January 2026, when the token traded near $1.90, roughly 50% below its July 2025 cycle peak of $3.65.
The selloff isn't isolated to XRP. Bitcoin is down 8% over the last day at a recent price of $77,195, marking the lowest price seen in nine months and extending its weekly slide to over 13%, with the price fallen nearly 39% since peaking above $126,000 in October. The crypto market fell 1.7% over the past 24 hours to the current $3.06 trillion.
The cryptocurrency market is witnessing a sharp and coordinated sell-off this Friday morning, erasing billions in market capitalization as a "perfect storm" of macroeconomic headwinds and technical breakdowns batters digital assets. The Jan 19, 2026 crypto crash stemmed from macroeconomic risks, leveraged liquidations, and fragile investor sentiment amid Trump's tariff threats and Fed policy uncertainty. The market had been pricing in perfection; when the Fed signalled caution regarding inflation data, the "risk-off" switch was flipped. Investors are retreating to the safety of the U.S. Dollar and short-term Treasuries, pulling liquidity directly from high-beta assets like Bitcoin and Ethereum.
Despite today's pain, institutional interest hasn't completely dried up. A recent report by asset manager 21Shares predicted that XRP has a 30% chance of reaching $2.69 in 2026, a scenario it described as the bull case. Standard Chartered's Geoffrey Kendrick forecasts the XRP price will reach $8 by year-end 2026—a 330% rise from current levels near $1.90, though such optimistic projections depend heavily on sustained institutional adoption and improved market conditions that remain uncertain right now.