BEARISH 📉 : XRP faces uncertainty with resistance at $1.95 to $2.00

The recent downturn in the XRP price has led to a volatile contraction phase, sparking debate among traders on whether this is a distribution top or a buying opportunity. Here are the key points:

XRP fell sharply from early-January 2026 highs near $2.39 to lows between $1.58 and $1.60, breaking below the $2.00 level.
This decline eliminated excess leverage, setting up conditions for consolidation and shifting trading strategies from trend-following to range-based execution.
Market analyst Luke Suther highlights the importance of focusing on structure over prediction, with resistance around $1.95–$2.00 and a local supply zone between $1.67–$1.70.
Support levels remain defended in the $1.58–$1.60 region, indicating demand stability despite broader uncertainty.
Long positions are favorable near lower support levels with confirmation-based entries, while resistance areas serve as tactical exit or risk-reduction zones.
Sustained progress through resistance has been weak; therefore, short-term strategies favor mean reversion rather than trend continuation.

External catalysts have significant influence due to XRP's compressed state. Key factors include:

Ongoing Epstein-related developments and US fiscal risks that can increase volatility and false breakouts.
Potential impacts from the CLARITY Act and geopolitical tensions involving Iran.

Traders should manage risk by reducing leverage, tightening stops, and avoiding oversized positions during high-risk news periods. A confirmed break above resistance with volume could shift bias towards continuation, while losing $1.50 support may reopen downside risk.

The current strategy emphasizes disciplined range execution, strict risk control, and patience until structural resolution occurs.