XRP is displaying concerning technical patterns against both the US dollar and Bitcoin, suggesting potential continued underperformance in the near term. Following a sharp rebound earlier in January, the asset has entered a corrective phase, struggling to reclaim key resistance levels.
On the XRP/USDT daily chart, the price recently bounced from the $1.80 support zone and rallied into the $2.40 supply area. However, it met strong resistance at the declining 100-day moving average and remains well below the 200-day moving average. The rejection from this confluence, coupled with a cooling daily RSI after an overbought push, indicates the market has shifted from impulse to consolidation or a corrective pullback rather than a confirmed trend reversal. The $2.00 region now acts as a critical pivot point. Holding above it could preserve a constructive higher-low structure, keeping open the prospect of another attempt at $2.40. Conversely, a daily close below $2.00 would signal renewed selling pressure, increasing the probability of a deeper retracement toward the $1.80 demand zone.
The situation appears more dire against Bitcoin. The daily XRP/BTC pair shows a clear rejection from the 2,400–2,500 satoshis resistance band, which coincides with the key 200-day moving average and a prior distribution zone. After this failed breakout, the price has rotated lower to around 2,150 sats, with the daily RSI rolling over from a local peak. This behavior is typical of continuation within an existing structural downtrend, where rallies into moving averages repeatedly attract supply. If current weakness persists, the next notable technical support lies around 2,000 sats. A sustained recovery above the 2,400 sats region, coupled with a break and hold above the daily moving averages, is required to indicate a material shift in relative strength in favor of XRP.
At press time, XRP is trading at $2.0506, having dropped 1.18% over the last day. On the hourly chart, the price has made a false breakout of the local support at $2.0470. A daily close at or below this mark could lead to further correction toward the $2.04 area. From a mid-term perspective, if bulls lose the nearest support zone around $2.00, there is a high possibility of an ongoing drop to the $1.8209 support level.
