Jan 19, 2026
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XRP Price Drops Below $2 as Bearish Trend Gains Momentum
XRP's price is currently below $2, marking a shift towards bearish momentum after failing to sustain recent recovery attempts. The token has been closing below short-term dynamic support levels on higher timeframes.
- A technical analysis by CoinsKid highlights a corrective structure on the 5-day chart, suggesting a potential bearish trend if key price levels are not regained.
- The analysis identifies a three-wave corrective move, indicating that the recent bounce to $2.4 was merely a retracement within a larger downward pattern.
- Loss of the CoinsKid ribbon, a custom indicator, is significant as XRP has closed below it since October 2025, signaling continued seller control.
Multi-Year Trendline As Downside Magnet
- The analysis points to a multi-year support trendline in the $1.30 to $1.40 range as the next major area of interest for XRP.
- This trendline has historically provided strong demand zones after pullbacks and is visible on the 5-day chart extending back to 2020.
- Currently, XRP trades at $1.96, showing a 4.7% decrease in the last 24 hours. If the corrective move continues, XRP could test this support area in the coming months.
Only a sustained move above the 5-day ribbon could invalidate the bearish outlook, potentially preventing a test of the lower support region.
