Ripple’s XRP token continues to struggle below the $2 price level as bearish sentiment reaches extreme levels. The cryptocurrency is currently trading at $1.94 after attempting a breakout earlier this month.
XRP climbed to $2.39 on January 6, 2026, but has since fallen back. According to CoinGecko data, the token is down 1.7% in the last 24 hours and 8% over the past week. The token has dropped 39.3% since January 2025.
The price decline is part of a broader market correction. Bitcoin reached $97,000 on January 15 but fell below $90,000. XRP has followed Bitcoin’s downward trajectory along with most other cryptocurrencies.
President Donald Trump’s announcement of additional tariffs on countries supporting Greenland initially triggered the market dip. Trump later canceled the additional tariffs. This reversal could help XRP and other assets regain momentum.
The tariff cancellation was followed by brief drops in gold and silver prices. Both precious metals have since recovered. Rising precious metal prices suggest investors remain cautious about crypto markets and prefer safe-haven assets.
Santiment analysis shows XRP entered the “extreme fear” zone as the positive-to-negative sentiment ratio fell below 1.873 on January 20. The ratio has since dropped to approximately 1.794. This reflects growing anxiety among retail investors about XRP’s future price movements.
Santiment analysts view this as a contrarian signal. The platform noted that high levels of bearish commentary historically lead to rallies. Prices often move opposite to retail expectations.
Historical patterns support this view. On January 2, 2026, XRP showed extreme fear after a 30% decline in Q4 2025. The token then surged 29% to reach its yearly high of $2.41.
On January 18, XRP entered extreme fear again after falling from $2.41. The token bounced back to $2 shortly after. Traders have used these extreme fear periods as buy-the-dip opportunities in the past.
US spot XRP ETFs recorded their second net outflow of $53 million on January 21. These outflows add downward pressure on the token’s price. The ETF data shows institutional investors pulling funds from XRP products.
Despite the recent struggles, XRP has posted a 3.1% gain over the past 30 days. The token also showed a 2.11% daily increase in its most recent trading session. This represents a slight recovery from the weekly low of $1.80.
Few charts tell a story this clearly.$XRP pic.twitter.com/gs3GPxWcVk
— Austin (@Austin_XRPL) January 22, 2026
CoinCodex price predictions for February 2026 suggest XRP will climb to $2.15 on February 13. However, the platform expects the token to face corrections back to current price levels by month’s end. The prediction does not show XRP reaching $2.60 anytime soon.
The token currently trades 19.2% below its early 2026 peak, with sentiment remaining cautious among retail investors.
The post Ripple XRP Price: Sentiment Crash Creates Buy-the-Dip Opportunity appeared first on CoinCentral.
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