XRP has come under renewed pressure in recent days, moving in line with broader weakness across the cryptocurrency market. After reaching a local high in mid-January, the asset has experienced a notable correction, raising questions about where meaningful support may emerge if selling pressure continues.
While XRP has staged a modest recovery from its most recent low, technical analysis suggests that deeper declines remain a possibility under unfavorable market conditions.
From its January 14 high near $2.19, XRP declined by more than 10%, briefly trading as low as $1.84 earlier today. This move triggered significant forced liquidations, with data showing more than $29 million in long positions wiped out during the downturn. Although XRP has since rebounded to approximately $1.93, the recovery has not yet invalidated the broader corrective structure.
Market Context and Near-Term Outlook
On a broader timeframe, XRP remains down roughly 18% from its yearly peak near $2.41. While short-term price action has stabilized, uncertainty across the crypto market continues to weigh on sentiment. Macroeconomic pressures and declining risk appetite have limited upside momentum across many digital assets, including XRP.
In the near term, a recovery above the $2.00 level could help restore confidence and potentially open the door to a retest of higher resistance zones. However, analysts caution that such a move may face significant obstacles, particularly if overall market conditions remain fragile.
I currently see a 3 wave corrective move up into the 5 Day ribbon for #xrp into the resistance of a red sell dot.
If $xrp nukes I have my eyes on this multi year supporting trendline where we have been buying each dip HUGE with success since 2020.
I would like to see XRP… pic.twitter.com/Jw5gR5huS2
— CoinsKid (@Coins_Kid) January 18, 2026
Potential Rebound Toward Overhead Resistance
Market analyst CoinsKid recently addressed XRP’s technical position using a five-day chart, outlining both upside and downside scenarios. According to his analysis, XRP could attempt a short-term recovery from recent lows, but any upward movement may encounter selling pressure near the region he identifies as the five-day ribbon.
This ribbon aligns with a potential resistance zone near $2.50, an area also reinforced by a descending trendline. CoinsKid views this region as a likely point where selling interest could re-emerge, limiting further upside unless XRP can decisively reclaim and hold above it.
Multi-Year Support Trendline Comes Into Focus
If XRP fails to sustain a recovery and instead resumes its decline, attention may shift to a long-standing ascending support trendline that has been in place since 2020. CoinsKid highlights this trendline as a critical structural level on the five-day chart, noting that it has consistently absorbed downside pressure during prior corrections.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
According to the analyst, XRP has historically found demand each time the price approached this support, preventing more severe breakdowns. Based on current chart positioning, this trendline now intersects near the $1.40 level. A move toward this area would represent an additional decline of nearly 30% from current prices.
CoinsKid notes that he has personally used this trendline as a reference point for long-term entries over several years, citing repeated instances where it coincided with meaningful price reversals. However, he emphasizes that reaching this zone would require further downside confirmation and continued weakness in the broader market.
Historical Precedent Strengthens Support Significance
The last notable interaction with this ascending support occurred in November 2024, when XRP declined sharply during a fourth-quarter correction. At that time, the price approached the lower end of the $0.50 region, aligning closely with the trendline. CoinsKid identified that move as a high-probability entry point, which was later followed by a substantial rally into early 2025.
Additional caution comes from XRP’s position relative to what CoinsKid refers to as the “CoinsKid Ribbon,” a technical zone that serves as a broader trend filter. XRP has remained below this ribbon since October 2025, recording multiple closes beneath it. This behaviour reinforces the view that bearish momentum has not yet been fully resolved.
According to CoinsKid’s wave analysis, further declines could represent an extension of a corrective structure that began after XRP’s July 2025 peak near $3.66. Unless a sharp recovery invalidates this setup, the multi-year ascending support trendline remains a key level to monitor in the event of continued downside.
While XRP has shown signs of short-term stabilization, the technical landscape suggests that risk remains elevated. Should selling pressure intensify, the multi-year support near $1.40 stands out as a critical area that could determine the asset’s next major move.
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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