Overview
- XRP is trading near $2.06 after a roughly 13–14% weekly drop, marking a seventh straight daily decline into a key multi‑month support zone at $2.
- Technical signals have turned bearish with a break below the 50‑day EMA and repeated rejections at the 200‑day EMA, while momentum gauges weaken.
- Analysts warn that a sustained break under $2 could expose downside toward $1.90–$1.80 and the December low near $1.77, with deeper projections to $1.61 and $1.25 if selling accelerates.
- Countervailing flows persist as XRP Ledger stablecoin supply rose over 10% in the past week driven by RLUSD growth to roughly $1.3 billion, and spot XRP ETFs have amassed about $1.23 billion in net inflows since launch.
- Traders cite profit‑taking from early‑January gains and softer risk appetite as rate‑cut expectations fade, with broader crypto sentiment muted and majors holding to ranges.