XRP fell to $1.54 on Tuesday, sliding 5.57% in 24 hours and extending its weekly decline to nearly 18%, as weakening trading activity signaled continued caution among market participants. XRP’s 24-hour trading volume dropped 44.22% to $3.16 billion, reflecting reduced short-term speculative interest across the broader crypto market.
Market analysts attribute the decline to short-term consolidation amid waning momentum, with traders showing caution as the asset remains in a narrowing price range. While the recent movement indicates pressure, experts note it may be a temporary pause rather than the start of a sustained bearish trend.
XRP Price Trades in Long-Term Descending Channel
In an X post, Crypto analyst ChartNerd highlights the formation of a long-term symmetrical triangle pattern in XRP’s price chart. The triangle, defined by converging support and resistance lines, reflects market indecision and decreasing volatility.
According to the ChartNerd, if XRP finds support between $1.30 and $1.50, it could experience several months of lateral movement before a possible breakout in late 2026, potentially in the third or fourth quarter.
Historically, breakouts from extended symmetrical triangles often continue the prior trend. ChartNerd notes that a decisive upward move could mirror previous bullish momentum, with the height of the triangle roughly projecting the potential price surge.
Ripple Secures EU Regulatory Approval
Amid market fluctuations, Ripple strengthened its regulatory position. On February 2, 2026, the company announced it had received full approval for its Electronic Money Institution (EMI) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This follows preliminary approval granted last month, now culminating in full authorization.
Cassie Craddock, Ripple’s Managing Director for the UK and Europe, described the license as a “transformative milestone” enabling the company to scale blockchain-based payments across the European Union.
The approval complements Ripple’s recent UK EMI license and cryptoasset registration from the Financial Conduct Authority (FCA), making Ripple one of the most extensively regulated crypto firms worldwide, with over 75 licenses.
The EU EMI license allows Ripple to facilitate European institutions’ transition toward digital asset solutions, enhancing both compliance and operational efficiency. This regulatory milestone could drive long-term adoption of XRP among institutional investors.
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