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.
XRPUSD Jan 30. Source: TradingViewThe 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.
XRP ETF Net Flows. Data From SoSoValueCryptoWZRD 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.
Source: https://cryptopotato.com/ripples-xrp-crashes-to-3-5-month-low-heres-why/
