XRP price is showing signs of consolidation and caution after failing to break key resistance levels. The cryptocurrency started a recovery wave above $1.880 but faced strong rejection near the $1.9250 resistance zone. According to technical analysis, XRP is currently trading above $1.90 and the 100-hourly Simple Moving Average, having broken above a bearish trend line with resistance at $1.880 on the hourly XRP/USD chart (data from Kraken).
The price action shows XRP was able to climb above the 50% Fibonacci retracement level of the downward move from the $1.963 swing high to the $1.810 low. However, bulls failed to clear the $1.9250 resistance and the 76.4% Fib retracement level. If XRP manages a fresh upward move, it faces immediate resistance at $1.9250, with major resistance levels at $1.960, $2.00, $2.050, and $2.150.
On the downside, initial support sits at $1.880, followed by $1.865. A break and close below $1.865 could lead to further declines toward $1.840, $1.820, and potentially $1.750. Technical indicators show mixed signals: the hourly MACD is losing pace in the bullish zone, while the RSI remains above the 50 level.
Meanwhile, XRP has dropped below the $2 psychological level, trading around $1.97 after reaching an intraday low of $1.906. The token has declined approximately 18% from its January 6 highs near $2.40, reflecting broader market pressure. Despite this pullback, market data shows increased activity with daily trading volume surging 166% to $3.66 billion, though open interest declined by 10% to $3.58 billion.
Analyst Crypto Patel maintains a bullish long-term outlook, highlighting that XRP trades above a confirmed multi-year breakout zone on higher-timeframe charts. Patel notes the token already experienced roughly 600% growth after breaking out near $0.60. The analyst emphasizes the importance of the $1.30-$1.90 accumulation zone, suggesting that holding above $1.30 is critical for maintaining the bullish structure. If support holds, Patel identifies upside targets at $3.50, $5.00, $8.70, and even $10.
Spot XRP ETF inflows continue to provide underlying support for investor confidence. According to SoSoValue data, XRP ETFs have consistently attracted assets since approval late last year. Net inflows rose $1.12 million on January 16, pushing cumulative inflows to $1.28 billion. Grayscale's GXRP ETF added $287 million to reach $291 million in total assets, while Bitwise's XRP ETF added $310 million, also reaching $291 million. So far in 2026, spot XRP ETFs have brought in more than $108 million, bringing total assets above $1.52 billion.
These institutional inflows indicate sustained interest that may help balance short-term volatility. Traders are watching for consolidation around the $1.90-$2.00 range before potential renewed upward momentum, with analysts suggesting a possible multi-fold rally if historical patterns repeat and key support levels hold.
