XRP Price Today (Feb 2, 2026): XRP Jumps Above $1.63 as White House Meets Crypto Leaders

XRP traded higher on Tuesday, clawing back losses after a sharp weekend sell-off across digital assets, as investors weighed fresh political signals from Washington alongside renewed supply pressure from Ripple’s scheduled token release. The token was last changing hands near $1.63, up about 2% on the day, even as broader crypto sentiment remained fragile following Bitcoin’s abrupt slide.

Intraday price action showed XRP dipping toward the $1.53 area during Asian trading before recovering steadily through the European and U.S. sessions. The rebound pushed the token back toward the upper end of its 24-hour range, with resistance emerging near $1.65 and short-term support consolidating around $1.55. Trading volumes rose modestly, reflecting renewed positioning after the market shock.

The stabilisation in XRP comes as senior executives from the cryptocurrency and banking industries met at the White House on Monday to discuss the future shape of U.S. crypto regulation. The closed-door meeting followed one of the most volatile weekends of the year for digital assets, with Bitcoin, Ethereum and XRP all experiencing sharp drawdowns before partially recovering.

At the centre of the talks is the long-running dispute over stablecoin rules under the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act. While the legislation bars stablecoin issuers from paying interest, it allows exchanges and intermediaries to offer rewards or incentives — a provision banks argue could accelerate deposit outflows into crypto-linked products.

Banking groups have warned that if stablecoin adoption accelerates, traditional lenders could lose hundreds of billions of dollars in deposits over the next several years. Crypto firms counter that the rules are necessary to foster competition and modernise payment infrastructure. According to Reuters, industry representatives including firms aligned with Ripple and major U.S. exchanges participated in the discussions.

The political backdrop has added a layer of uncertainty to XRP’s near-term outlook, particularly as regulatory clarity has historically played an outsized role in the token’s valuation. Ripple’s 2023 courtroom victory, which determined that XRP itself is not a security when traded on public exchanges, continues to underpin institutional interest in the network’s cross-border payment and tokenisation tools.

Adding to today’s market dynamics, Ripple unlocked roughly 1 billion XRP from escrow on February 1 as part of its long-standing monthly release schedule. The tokens were distributed across several transactions and carried a market value of about $1.6 billion at prevailing prices. While much of the supply is typically returned to escrow, the releases often heighten short-term volatility.

XRP entered February under pressure after closing January down more than 10%, mirroring weakness across the broader crypto market. The token remains well below its all-time high near $3.84, leaving it down more than 50% from peak levels despite today’s rebound. Over the past week alone, XRP has lost roughly 14%, underlining how quickly sentiment can shift.

Still, supporters argue that XRP’s longer-term investment case increasingly hinges on adoption rather than speculation. Banks and financial institutions have shown growing interest in tokenised settlement and blockchain-based liquidity management, areas where Ripple has focused development efforts. For now, however, traders remain sensitive to macro signals, regulatory headlines and large-scale token flows.

As markets digest the implications of Washington’s latest crypto talks and Ripple’s steady escrow releases, XRP’s ability to hold above the $1.50 level may prove pivotal. The coming sessions are likely to test whether today’s recovery marks the start of a broader stabilisation — or merely a pause in an unusually volatile phase for digital assets.