Coinspeaker
Jan 20, 2026
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XRP Drops 20% as Chart Patterns Suggest Further Price Decline

Ripple's XRP has dropped nearly 20% from a high of $2.40, now finding support at $1.85. Technical indicators suggest a potential further decline, resembling patterns from 2022.

XRP Price Concerns

  • XRP faces rejection at $2.40, triggering a sharp correction and cautious market sentiment.
  • Price is trading near $1.93, with recent buyers accumulating below the realized cost basis of longer-term holders.
  • Pressure builds on investors holding XRP at higher prices; failure to reclaim $2 could increase selling pressure.
  • If the $1.80 level doesn't hold, XRP could slide toward $1.

Market Sentiment and Derivatives

  • XRP derivatives market shows renewed weakness, with open interest dropping over 4% to approximately $3.42 billion.
  • CME and Binance open interest decreased by about 3% and 5%, respectively, indicating cautious sentiment.

Bitcoin Hyper Presale and Expansion

  • Bitcoin Hyper raises $30.8 million in presale, expanding Layer-2 capabilities for faster, low-cost transactions.
  • Built on Solana Virtual Machine, it offers cross-chain compatibility with Ethereum and Solana.
  • Current staking rewards are as high as 38%.