XRP’s market has recently tested traders’ nerves, swinging sharply amid surging volatility. Within 24 hours, the asset fell from $1.83 on January 29, 2026, to $1.75 by January 30, triggering roughly $70 million in long liquidations.
These dramatic moves have left both bullish and bearish participants reassessing their positions, as the market searches for clear signals of direction.
Amid this turbulence, analyst Austin shared a focused technical outlook on X, highlighting a weekly TradingView chart of XRP/USD. His assessment suggests that XRP may be setting up for a straightforward bullish scenario that could surprise skeptics.
According to Austin, a breakout from a descending trendline, supported near $1.80, could open the path to significant upward momentum, potentially validating bullish forecasts for the year.
The bears are going to look so silly if it ends up being this simple.$XRP pic.twitter.com/g4tJ5vXpNS
— Austin (@Austin_XRPL) January 29, 2026
Critical Support and Trendline Dynamics
The $1.80 zone emerges as a pivotal support level, having held firm despite recent downward pressure. Weekly support levels often act as reliable pivot points for trend reversals when paired with consistent buying interest.
Combined with a descending trendline, this setup hints at a possible breakout scenario. Should XRP maintain above $1.80, the structure may shift from consolidation to clear bullish momentum, positioning the asset for higher targets and challenging bearish narratives.
Market Context and Price Projections
Currently, XRP trades near $1.75, reflecting a modest pullback after recent declines. Despite the short-term weakness, Austin’s analysis aligns with broader 2026 projections, which estimate XRP could reach between $3 and $8 by year-end.
The gap between today’s price and these forecasts underscores the potential upside for disciplined traders and highlights the tension between speculative short positions and technically supported bullish setups.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Implications for Bears and Bulls
Austin emphasized that bearish traders may face embarrassment if XRP follows this seemingly straightforward path. A breakout above the descending trendline and sustained support at $1.80 could invalidate shorts, forcing rapid position adjustments.
In such a scenario, bullish participants benefit disproportionately, illustrating how technical clarity can create asymmetric risk-reward opportunities in volatile crypto markets.
Broader Significance for XRP’s Market
XRP’s current price action highlights how key support levels, trendline structures, and liquidity dynamics interact to shape short-term movements. Austin’s perspective reminds investors that, despite market noise, disciplined technical analysis can reveal surprisingly “simple” setups.
If XRP confirms a breakout above $1.80, it may not only surprise the bears but also reinforce broader bullish expectations, demonstrating how clear chart patterns can guide strategic decision-making in an otherwise unpredictable market.
At this critical juncture, XRP’s path could reward those paying attention to technical setups while challenging those relying solely on bearish sentiment.
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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