Large Language Models (LLMs) have demonstrated remarkable capabilities across diverse natural language processing tasks. However, their extensive memory requirements, particularly due to KV cache growth during long-text understanding and generation, present significant challenges for deployment in resource-constrained environments. Quantization has emerged as a promising solution to reduce memory consumption while preserving historical information. We propose XQuant, a training-free and plug-and-play framework that achieves ultra-low equivalent bit-width KV cache quantization. XQuant introduces two key innovations: a computationally negligible data-free calibration method and cross-layer KV cache compression, enabling quantization to sub-1.4 bits. Extensive experiments on TruthfulQA and LongBench demonstrate that XQuant outperforms state-of-the-art methods (e.g., KIVI-2bit and AsymKV-1.5bit) by achieving lower bit-width while maintaining superior performance, establishing a better trade-off between memory efficiency and model accuracy. The source code is available at https://github.com/brinenick511/XQuant.