XRP Price Drops 19% from January Peak, Crypto Fear & Greed Index Hits 'Extreme Fear'

The price of XRP has experienced a significant correction, declining by 19% from its local highs recorded in January. This sharp downturn has negatively impacted overall market sentiment towards the cryptocurrency. According to the latest data, the widely monitored Crypto Fear & Greed Index has now entered the "Extreme Fear" zone. This shift indicates a prevailing sense of pessimism and caution among investors following the recent price action. Analysts are closely watching key support levels for XRP to gauge whether the current sell-off will continue or if the asset is poised for a potential rebound as market sentiment reaches an extreme.