XRP Trading Near Key Resistance Level

XRP is currently priced around $1.89 as it revisits the $1.97 trendline resistance. Traders are keenly observing whether this will lead to a breakout or a rebound, which will indicate the asset’s next direction.

Ripple’s token, used for cross-border payments, is in a critical price zone that could significantly influence its trajectory. After a drop from early January’s peak of $2.40, XRP is once more challenging important resistance points. Market watchers are on alert to see if XRP will rally or resume its downward trend.

Testing Significant Resistance at $1.97

As of now, XRP is around $1.89, attempting to breach a downtrend line that previously acted as support before the recent decline. This line has now turned into resistance, positioned at the $1.97 mark. A successful breakout above this point could alter the short-term outlook, potentially paving the way for further gains.

According to an analysis from More Crypto Online, XRP’s rebound has brought it back into a critical technical area. If it surpasses $1.97, it might complicate the correction significantly. Conversely, a setback at this level could solidify a bearish sentiment.

$XRP
Price is currently retesting the yellow trend line from below. Key spot here. $1.965 is the next resistance level above it. If prices rise further from here, this whole correction will become much more complex. pic.twitter.com/DAhTmRrfsm

— Morecryptoonl (@Morecryptoonl) January 26, 2026

Interestingly, the chart illustrates potential corrective wave structures labeled as (A)-(B)-(C), and XRP’s recent behavior seems to align with this pattern. If the prevailing downward trend persists, price levels around $1.85, $1.77, $1.73, and $1.66 may serve as potential support points.

Traders are also monitoring the $1.80 level, which has been tested frequently over the past year. Depending on which price level breaks first, a volatile scenario could emerge between the $1.80 and $2.10 range.

Momentum Indicators Indicating Early Changes

Recently, the descending wedge pattern showed an upside break, suggesting a short-term recovery. This pattern typically hints at a potential end to a downtrend. While there was a slight increase in volume during the breakout, confirmation of sustained buyer interest is still pending.

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Momentum indicators are showing signs of change. The MACD histogram displays a decreasing red bar, indicating that selling pressure may be reducing. Analyst CW suggests that sub-indicators are pointing to a potential trend reversal, with a convergence break signaling early bullish momentum.

Nonetheless, in January, XRP experienced a surge, with 130 million tokens shifted to exchanges, as noted by Steph Is Crypto. Recent reports highlighted that Binance’s XRP balance climbed to 2.74 billion, a peak not seen since November. Some traders interpret this as a signal of increased liquidity in the market.

🚨 The whale traveled 130 meters $XRP For January exchange.

what do they know? pic.twitter.com/zt2QWXptqa

— Steph is Crypto (@Steph_iscrypto) January 26, 2026

Although volume dipped by 17%, open interest increased by nearly 3% to $3.38 billion, suggesting that new positions are being established, according to data from Coinglass. These shifts point to rising expectations regarding the upcoming direction of XRP.