XRP jumped roughly 18% Friday, outpacing major tokens after bitcoin briefly climbed above $70,000 in U.S. morning trading. The surge erased Thursday’s losses and helped spark a broader altcoin rebound ahead of the weekend.
XRP plunged about 25% in one day as roughly $1 trillion in crypto market value evaporated overnight. The rout coincided with a rotation of capital into AI-related crypto bets, leaving several altcoins especially exposed.
XRP tumbled about 6% on Feb. 3 after Bitcoin failed to hold a support level, triggering a broad risk-off move that weighed on large caps and high-beta altcoins. Traders are watching whether buyers step in or the sell-off deepens.
Shiba Inu fell with the wider crypto market and is trading around $0.00000666, a technical level watched by traders. A decisive break could accelerate losses for SHIB amid elevated retail selling.
Bitcoin fell on Thursday, Jan. 29, 2026, but Dogecoin, XRP, Cardano and Litecoin plunged even deeper, marking their lowest levels since 2024. The sharper losses among altcoins underline renewed risk-off sentiment and elevated volatility across crypto markets.
Ethereum slipped back under $3,000 after a confirmed triangle breakdown, shifting the near-term outlook bearish. If sellers remain in control, $2,250 emerges as the next key downside target for February.
Binance will remove 10 BTC trading pairs from both cross and isolated margin on Jan. 30, cutting leveraged access for tokens including MANA, DYDX, KSM and AR. The move narrows margin support and forces traders to adjust positions ahead of the cutoff.
Monero dropped roughly 20% in the past week and is down 41% from its Jan. 14 all-time high of $797 after India intensified actions targeting privacy coins, outpacing the broader altcoin sell-off.
Cathie Wood’s ARK Invest filed registration statements on Jan. 23, 2026 for two index-based crypto ETFs tied to the CoinDesk 20: one combining Bitcoin with leading altcoins and another focused solely on altcoins excluding Bitcoin and Bitcoin Cash.
On Jan. 20 altcoins plunged in a sharp sell-off that briefly knocked combined market capitalization down to $1.26 trillion before a modest rebound. Traders blamed fresh geopolitical shocks for the risk-off move that erased billions in value over 48 hours.