Concerns are growing around XRP’s near-term outlook as a senior Bloomberg strategist points to the risk of a breakdown below an important technical level. The warning comes amid a broader correction affecting the entire cryptocurrency market, where sustained selling pressure has eroded confidence and pushed several major assets below key price zones.
Since reaching a peak market capitalization of approximately $3.29 trillion on January 14, the global crypto market has shed about $360 billion. This decline has weighed heavily on altcoins, including XRP, which has failed to maintain levels above $1.9 after previously losing the psychologically important $2 mark.
Against this backdrop, Bloomberg Senior Commodity Strategist Mike McGlone has cautioned that XRP may be approaching a critical test of support that has been held for several months.
XRP looks ripe to breach $1.82 support, with implications for all risk assets. pic.twitter.com/2002L8UI3E
— Mike McGlone (@mikemcglone11) January 25, 2026
Broader Market Weakness Weighs on XRP
The recent downturn has not been isolated to XRP. Bitcoin, often viewed as the market’s anchor, recorded one of its sharpest daily losses in recent weeks on January 25, declining by nearly 3%.
Historically, such moves in Bitcoin tend to amplify downside pressure across the altcoin market, and XRP has followed this pattern. On the same day, XRP experienced a steeper decline than Bitcoin, reinforcing the view that risk appetite across the sector remains fragile.
This broader weakness has undermined XRP’s recent attempts at stabilization. After slipping below $2 in mid-January, the asset struggled to regain momentum and has since drifted lower. The loss of the $1.9 area has shifted attention to lower levels that previously acted as a buffer against deeper corrections.
Focus Shifts to the $1.82 Support Zone
According to McGlone, the next level of significance lies around $1.82. This price zone has served as a dependable support area since the rally that began in November 2025. In his latest market commentary, the strategist suggested that current conditions increase the likelihood of XRP revisiting and potentially falling below this level.
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Historical price behavior highlights why this area matters. XRP spent an extended period below $1.82 after its decline in 2021 and only managed to reclaim it during the strong market recovery seen late last year. Since that recovery, the asset has repeatedly tested this zone during periods of volatility but has consistently moved back above it, reinforcing its technical importance.
Historical Reactions at This Level
There have been several instances over the past year when XRP briefly dipped under $1.82 before quickly recovering. These episodes occurred during market-wide sell-offs in April 2025, the sharp decline seen in October, and again during bouts of weakness in November and December. Each time, buyers stepped in quickly enough to prevent a sustained move lower. The most recent daily close beneath this threshold occurred in mid-December 2025.
What makes the current situation notable is the persistence of downside pressure across the broader market. Unlike previous pullbacks that were followed by rapid rebounds, current sentiment remains cautious, raising questions about whether buyers will again defend this level with the same conviction.
Implications of a Breakdown or Rebound
Should XRP fail to hold above $1.82, it could signal a deeper corrective phase, particularly if broader market conditions continue to deteriorate. On the other hand, past rebounds from this zone have preceded strong upside moves. Notably, a recovery from similar weakness earlier in 2025 eventually contributed to XRP’s rally toward the $3.66 area by mid-year.
At this stage, it remains uncertain whether a similar outcome will unfold. Market participants are closely monitoring price action around this long-standing support to gauge whether it will once again act as a foundation for recovery or give way under sustained selling pressure.
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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