thecryptobasic.com
XRP is once again attracting heightened attention in the crypto market, as the broader crypto market suffers another round of downturn.
Following a multi-month pullback from its 2025 high of $3.65, XRP is currently trading below $1.9, succumbing to renewed bearish pressure over the weekend.
Over the weekend, the crypto market saw a sharp downturn, pushing XRP’s price from around $1.91 to $1.81. Despite staging a rebound, XRP is still trading below $1.9.
Key Points
- XRP is under renewed bearish pressure, with the price plunging to $1.81 over the weekend.
- Amid the downturn, XRP’s next trend direction hinges on a crucial support level.
- The token has broken below a key ascending trendline, signaling a likely continuation of the short-term downtrend.
- Elliott Wave analysis projects target zones between $1.85 and $1.65.
Crucial Levels to Watch
In a recent analysis, Cypress Demanincor stressed that he is closely tracking key levels on XRP’s weekly chart, highlighting major support and resistance zones.
On the upside, the $2.27–$2.56 resistance range stands as a critical hurdle. This zone aligns with prior breakdown levels, meaning XRP must reclaim it decisively to signal a potential trend reversal.
Meanwhile, on the downside, $1.85 acts as immediate support and defines the current trading area. Holding this level would indicate consolidation. However, a breakdown would significantly increase downside risk.
If $1.85 fails, the next support emerges near $1.69, where buyers may attempt to stabilize price action. Beyond that, intensified selling pressure could drive XRP toward $1.27 or $0.98, both of which represent potential long-term support in a broader market downturn.
Overall, Demanincor says he is watching these levels “like a hawk,” signaling heightened alert for a strong reaction. In his view, XRP could either bounce from the $1.85 zone and stage a relief rally toward $2.27–$2.56, or break down decisively, opening the door to $1.69, $1.27, and $0.98.
XRP Next Trend Direction">
Next Trend Direction Hinges on $1.92
Meanwhile, XRP is trading around $1.88, closely aligning with the $1.92 level that analyst Ali Martinez identifies as critical support.
Holding above this zone would suggest consolidation or potential upside, while a decisive break below it would likely confirm a bearish shift and open the door to further downside.
$1.92 is the key support level to watch for $XRP, as it will define the next trend direction. pic.twitter.com/sXNfWm9pVD
— Ali Charts (@alicharts) January 24, 2026
XRP Faces Short-Term Downtrend After Trendline Break
Amid the recent pullback, market researcher More Crypto Online also warned that XRP has broken below a key ascending trendline, signaling a likely continuation of its short-term downtrend. The breakdown confirms that the price is trading beneath the trendline, prompting caution for traders.
Using the Elliott Wave indicator, the projected target zones range from $1.85 to $1.65. While confirming a high likelihood of XRP reaching $1.65, the researcher cautions that traders should expect occasional bounces along the way.