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XRP’s price fell below the key $2.00 mark after a failed breakout triggered a short-term reversal, changing the near-term structure to bearish. This was mainly driven by traders’ positioning and the unwinding of leverage rather than any XRP-specific negative developments, thus keeping the broader trend in consolidation.
After trading shortly above $2.00, the buying momentum exhausted, and the sellers quickly took control. When the price went below $1.972, the triggering of stop losses and liquidations accelerated the move.
At present, XRP is trading at $1.96 with a 0.1% decrease in the past 24 hours.
XRP is currently trading below $2 and is slowly recovering from the low of $1.84 from the start of the month. The token is trading under the 20-day EMA at $2.05 and the 50-day EMA at $2.07, both going downwards.
The 200-EMA at $2.31 acts as resistance and indicates a more extended market bearish trend.
The Moving Average Convergence Divergence (MACD) on the daily chart is showing that the sell signal marked last Friday still holds, as the average lines are moving downwards and the negative histograms are getting wider, pointing to the continuation of bearish momentum.
The Relative Strength Index (RSI) is currently at 41 and is nearing the oversold territory from the middle line.
A close above the 20-day EMA at $2.05 could ease pressure toward $2.07. On the other hand, failure to break above the moving averages will keep the sellers in control.
The pullback aligns with a broader crypto market sentiment. Renewed US-EU tariff conflict has weighed on global sentiment, pressuring assets across the board.
Bitcoin has slipped toward the $93,000, while Ethereum is consolidating near $3,200, reinforcing that XRP’s decline reflects macro-driven positioning rather than asset-specific deterioration.
From the early-January peak near $2.40, XRP has retraced roughly 20%.
Over the past 24 hours, the crypto market recorded approximately $824-$875 million in liquidations, with long positions accounting for nearly 90% of the total.
XRP saw around $39-$40 million in long liquidations, marking its largest long wipeout since late November 2025.
Open interest has dropped from a yearly high near $4.55 billion on January 6 to roughly $3.45 billion, a decline of about 23%.
Also Read: XRP Coils in Year-Long Wedge as Breakout Pressure Builds: Traders Brace For a Bullish Landing
The XRP Ledger saw a spike in transactions last week, reaching around 2.58 million in a single day, marking the highest level in six months.
Such distinction between price movement and on-chain activity suggests underlying demand and the engagement of the network being resilient.
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