The XRP market faced renewed turbulence after a sharp intraday sell-off reignited anxiety across the community. Price action weakened rapidly, sentiment turned visibly emotional, and trading volume spiked as sellers pressed their advantage. The sudden move placed XRP back in focus as traders now assess whether the decline represents the final shakeout before a larger recovery.
Amid the heightened volatility, technical analyst CasiTrades offered a structured outlook on where XRP may be heading next. Her comments followed a widely circulated post from community member Cobb, whose Binance chart captured the intensity of the move and the frustration it triggered among market participants.
XRP Loses Support Amid Heavy Volume
On January 29, 2026, XRP dropped approximately 6.3%, sliding to $1.79 USDT before extending lower. The Binance chart shared by Cobb showed a clear failure to hold the $1.79 support level, accompanied by a notable surge in trading volume. This combination signaled strong sell-side pressure rather than a brief liquidity sweep.
The breakdown shifted the short-term market structure decisively bearish. As sellers absorbed buy orders at $1.79, the level flipped into resistance, reducing the likelihood of an immediate bounce from that zone.
Heading to $1.65 support before take-off🚀
— CasiTrades 🔥 (@CasiTrades) January 29, 2026
Current XRP Price Confirms Continued Weakness
XRP currently trades near $1.74, confirming that the price has failed to reclaim the lost support. This positioning suggests that buyers remain cautious and that the market continues to search for a stronger demand area. The inability to recover $1.79 increases the probability of a deeper retracement in the near term.
Despite the weakness, the broader structure does not yet signal a breakdown of the larger trend. Instead, price action reflects a corrective phase following earlier volatility across the crypto market.
Analyst Identifies $1.65 as Key Support
CasiTrades pointed to $1.65 as the next major support level to watch. This zone aligns with prior consolidation areas and historical demand clusters, making it a technically significant region for a potential reversal. According to her analysis, XRP may need to test this level to complete its correction before initiating a stronger upward move.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Rather than framing the drop as a failure, CasiTrades described the move as a necessary reset. In technical markets, such pullbacks often remove weak positioning and restore healthier market balance.
Volume Behavior Suggests a Setup, Not a Collapse
The recent decline unfolded alongside elevated trading volume, a detail that often precedes short-term capitulation. When selling pressure peaks into support zones, stronger buyers frequently step in to absorb supply. If volume tapers near $1.65, conditions could favor a stabilization phase followed by renewed upside momentum.
Broader Market Conditions Remain Critical
XRP’s next move will depend heavily on overall crypto sentiment. Bitcoin’s direction continues to influence risk appetite across altcoins. A broader market stabilization would increase the likelihood that $1.65 serves as a launch point rather than a breakdown level.
For now, XRP trades at $1.74, with traders closely watching whether the anticipated support test delivers the base needed for the major take-off CasiTrades expects.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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