XRP Down 26% In 7 Days: What's Going On?

XRP XRP/USD has dropped 26% in the past seven days, mirroring broader market weakness that has pushed Bitcoin BTC/USD below $100,000.

Despite the pullback, strong fundamentals could help XRP recover.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP XRP/USD	$2.30	$132.7 billion	-5%	-26.2%
Ethereum ETH/USD	$2,699.26	$325.4 billion	-2.5%	-17.2%
Bitcoin BTC/USD	$95,998.59	$1.9 trillion	-1.3%	-8.9%

Trader Notes: Crypto trader Dark Defender notes that XRP is holding support at $2.33, the last Fibonacci level.

While the RSI on the 4-hour chart hasn't turned bullish yet, he sees potential for a reversal with some lingering weakness.

The key levels to watch are supports at $2.33 and $1.99 while targets sit at $2.70 and $2.99.

Community News: At the Ondo Summit in New York City on Feb 6, Ripple CTO David Schwartz compared early Bitcoin adoption to a Las Vegas gamble, emphasizing how the industry has evolved into a more practical and compliant space.

Schwartz believes stablecoins are leading the way as institutional products that are widely used and regulated.

However, he argues that the real obstacle to crypto mass adoption is institutional engagement: "Crypto must build bridges where value is, to where people are. There has to be usability to drive mass retail adoption."

He concludes, enterprise adoption is the prerequisite for mass adoption.

In a Feb. 5 post on X, Ripple CEO Brad Garlinghouse called the Crypto Czar conference a "100% big deal" for the industry.

He highlighted that major U.S. financial leaders are committed to passing crypto clarity legislation, something he says is unprecedented.

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