XRP is showing signs of renewed weakness after underperforming the broader crypto market. A failed breakout attempt and the loss of a key support zone have shifted short-term structure back in favor of sellers, increasing the risk of a deeper pullback.
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XRP Breaks Below Key Support
XRP declined 2.85% to around $2.12, failing to sustain momentum after a brief bullish attempt. Price action broke below the $2.05–$2.10 support zone, an area that had previously acted as a base for continuation.
This move followed a failed breakout from a bullish descending triangle pattern. Once upside confirmation failed to materialize, selling pressure accelerated, pushing XRP back into a vulnerable technical position.
Momentum indicators do not yet suggest exhaustion. The 7-day Relative Strength Index currently stands at 61, indicating that XRP is neither oversold nor positioned for a technical bounce based on momentum alone.
This lack of oversold conditions leaves room for further downside if sellers continue to press price below nearby support levels.
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XRP Key Levels to Watch
The immediate support to monitor is $2.02, which aligns with the 61.8% Fibonacci retracement. A sustained close below this level would confirm a breakdown of the current structure and could open the door to a deeper correction.
If $2.02 fails to hold, downside risk extends toward the $1.80 area, which represents the next major support zone on the chart.
On the upside, resistance sits near $2.26, corresponding with the 23.6% Fibonacci retracement. Reclaiming this level would be required to neutralize near-term bearish pressure and stabilize price action.
XRP Price Outlook
XRP’s failure to hold above the $2.05–$2.10 zone has weakened its short-term outlook. With momentum still elevated and no clear oversold signal, the risk of further downside remains. A confirmed break below $2.02 would likely validate a deeper correction, while bulls must reclaim $2.26 to regain control of the structure.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2026/01/xrp-risks-deeper-correction-if-this-key-level-breaks
