thecryptobasic.com 
Despite the recent recovery push, $XRP still trades within “murky waters” until it rebounds above the pivotal $1.8 mark with conviction.
The crypto market suffered a devastating blow on Thursday, Feb. 5, in what industry leaders now regard as the most turbulent day in the crypto scene since Oct. 10, 2025. Notably, Bitcoin (BTC) collapsed below $70,000, leading to $840 million in liquidations, with the crypto market losing $311 billion in a single day.
$XRP did not escape the market rout, dipping to a 15-month floor of $1.11 by Feb. 6 after a 19.62% crash on Thursday. Now, while $XRP has since recovered most of the losses from the Thursday crash, its price remains in a delicate position. Notably, $XRP must decisively push above the critical $1.8 level to flip its trend bullish.
Key Points
- The broader market crash capitalized on a downtrend that has kept momentum muted since Q4 2025, leading to an intraday loss of $311 billion in the crypto market.
- $XRP was one of the hardest-hit tokens, collapsing 19.6% on Thursday and dipping further to $1.11 the next day.
- While $XRP has staged a rebound effort, up more than 8% over the past 24 hours to trade above $1.4, it remains in a delicate position.
- $XRP currently still trades within murky waters and would need to decisively recover above the important $1.8 price level to flip bullish.
$XRP Suffers Intense Downturn
This suggestion came from Chart Nerd, a well-known market commentator, as the crypto market looks to recoup some of the losses from the Thursday crash. Notably, the collapse pushed Bitcoin to a local floor of $59,930, marking its lowest price since October 2024.
As the impact reverberated across the market, $XRP slumped to $1.11, a low last seen in November 2024. This price marked a 69% decline from $XRP’s peak price of $3.66 in July 2025 and a 39% drop from its opening price for this year, leading to extremely oversold RSI levels across multiple timeframes.
$XRP Rebounds but Remains in “Murky Waters”
Interestingly, a sharp rebound emerged almost immediately on Friday. Specifically, $XRP recovered by more than 21%, closing at $1.46.
Despite this recovery effort, Chart Nerd stressed that $XRP remains in “murky waters,” indicating that the overall trend has not convincingly flipped bullish. According to the market analyst, $XRP would have to breach the $1.8 level with conviction to escape the ongoing downward trend.
In a subsequent commentary, Chart Nerd insisted that $XRP would need to push above $1.8 before its price action could “tickle” his fancy. He stressed that this $1.8 level acted as a support block for 13 months before $XRP recently broke below it and turned it into resistance. Now, this area acts as a major roadblock in its journey to reclaim the $3.66 peak.
Why the $1.8 Level is Important
Market data confirms this, indicating that $1.8 had served as $XRP’s last support area following the November 2024 rally. Notably, $XRP broke above this level on Nov. 30, 2024, flipped it to support, and then leveraged it as the last cushion against steep price declines.
Each time the bears knocked on this area, $XRP recovered. This happened in April 2025, October 2024, November 2025, December 2025, and January 2026, as highlighted in the accompanying chart.
However, as bearish pressure mounted, $XRP lost the $1.8 support on Jan. 29, 2026, and now faces resistance at this mark. Chart Nerd believes the crypto asset must push above this level decisively before its trend can start turning bullish. From the current price of $1.41, $XRP would need to rise 27% to recover $1.8.
