The cryptocurrency market is currently stabilizing as traders seem hesitant about the recent price increases. XRP, in particular, is facing difficulties maintaining its gains, with each attempt to rise met with selling. Following a drop from $2.35, XRP has repeatedly fallen back after briefly reaching previous resistance levels. However, the price is now nearing a crucial support level, meaning the next price movement will be particularly significant.
Recently, the price of XRP has shifted from rising to falling. We’ve seen a series of peaks, each lower than the last, suggesting a change in momentum. The price previously paused and built up at certain levels, but those levels now act as ceilings, preventing further increases. After a significant drop, XRP has been trading within a wide range, consistently bouncing off its upper and lower limits as it continues to move downwards.
The market currently favors sellers, as each price increase is met with more selling pressure. The highlighted areas on the chart show important levels where the price has previously stalled, broken through, and then returned to test. XRP is currently near the bottom of its recent trading range (around $1.80-$1.90), which has been a level of buying interest. If the price bounces from here, it could move up to resistance between $2.10 and $2.20. However, if it fails to stay above this support level, the price could fall further to new lows.
Bullish & bearish scenarios ahead of the monthly close
Bullish scenario (needs confirmation)
- Hold above $1.80–$1.90 on 4H closes and defend it on retests.
- A relief rally could aim for $2.05–$2.15 first, then $2.25–$2.30 (major resistance).
- Bulls only gain real control if XRP reclaims $2.30+ and turns it into support—otherwise it’s still a counter-trend bounce.
Bearish scenario (if support breaks)
- A clean breakdown below $1.80 with follow-through suggests sellers have won the range.
- Expect liquidity sweeps and faster downside candles, especially into the monthly close.
- Any bounce back toward $1.90–$2.00 could become a retest-and-reject zone if momentum remains weak.
Conclusion
As a researcher tracking XRP, I’m seeing that the price is still in a phase where it needs to prove its strength. It’s currently making lower highs, which is putting downward pressure on the price. The $1.80 to $1.90 range is a critical support level – if buyers can hold it, we might see a bounce and a move towards the $2.10 to $2.30 resistance area. However, breaking through that resistance needs to be a solid move, not just a temporary spike, to really change the current outlook.
XRP typically sees its biggest price swings when trading volume increases and news breaks, particularly news about overall market confidence or updates from Ripple. As the month ends, this combination of technical factors and news events makes XRP attractive to traders – it might seem quiet for a while, but it can quickly jump in price when the market shows a clear direction.
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2026-01-23 18:47