XRP remains anchored at $1.80 support as analysts point to a potential breakout toward $2.70. The token has traded around $1.89 after a week-long pullback, while spot ETFs experienced a $40.6 million outflow and Binance reserves increased to 2.74 billion XRP. These developments are shaping the market’s outlook for the cross-border token.
At a Glance
- XRP trades near $1.89 after a week-long pullback.
- The token has held $1.80 support for 13 months.
- Spot ETFs recorded a $40.6 million outflow this week.
- Binance reserves climbed to 2.74 billion XRP, the highest since November.
Market Overview
Over the past 24 hours, XRP has slipped slightly, falling more than 3 % in the last week. The price peaked at $2.40 earlier this month before retracing sharply, erasing most of its year-to-date gains. Investors are now focused on the $1.80 level, which has been tested and held consistently for the past 13 months.
- Current price: $1.89
- Daily decline: modest
- Weekly decline: 3 %
- Year-to-date gains: largely reversed after $2.40 peak
The pullback followed a rally that pushed the token above $2.30 for the first time since mid-2023. Market participants are watching for a confirmation of the support level before considering another upward move.
Technical Analysis
ChartNerd’s analysis highlights a descending channel that has repeatedly used $1.80 as a base for rebounds. The chart also shows an ABC correction structure that mirrors the 2015-2017 cycle, suggesting a potential move toward $27 if the pattern repeats. A triple bottom formation at a key support zone adds further confirmation.
“If $XRP defends $1.80 like it has for the past 13 months, descending resistance awaits above, and if cleared… would signal the shift back to $2.70,” said ChartNerd.
- Descending channel: testing upper resistance
- ABC structure: support between $1.17 and $1.53
- Triple bottom: three clear lows at the same level
- Breakout targets: $2.7, $9, $15, $32
Egrag Crypto posted a tweet on January 26, 2026 showing a triple bottom pattern with a resistance line just above the current price.
The ascending candles on the current chart suggest early signs of strength, but the breakout level still needs to be cleared. Traders are waiting for a close above the resistance to confirm the move.
ETF Activity
Spot XRP ETFs recorded a $40.6 million outflow over the past week, the first weekly net outflow since the products launched. Despite this, total net inflows remain at $1.23 billion, and the funds still hold $1.36 billion in assets under management.
- Weekly outflow: $40.6 million
- First weekly outflow since launch
- Net inflows: $1.23 billion
- Assets under management: $1.36 billion
The outflow indicates a short-term pullback in ETF exposure, yet the overall inflow trend suggests continued institutional interest in the token.
Exchange Reserves
Binance’s XRP reserves rose to 2.74 billion tokens, the highest level since November. This increase follows a period of lower exchange balances and indicates a return of liquidity to the market.
- Reserve increase: 2.74 billion tokens
- Highest since November
- Liquidity return: evident from rising balances
Higher exchange reserves can support price stability by providing a larger pool of tokens for trading, which may reduce the impact of large sell orders.
Historical Context
XRP reached a high of $2.40 earlier this month, a level it has not surpassed since the 2021 bull run. The recent retracement mirrors the 2015-2017 cycle, where an ABC correction ended in a Fibonacci demand zone before a breakout. Analysts note that the current structure aligns with that historical pattern.
Price Targets
| Level | Target |
|---|---|
| $1.80 | $2.7 |
| $2.7 | $9 |
| $9 | $15 |
| $15 | $32 |
The table reflects the breakout targets identified by technical analysts.
Market Conditions
The week-long pullback occurred in a broader crypto environment that has seen several major tokens retract from recent highs. Market participants are cautious, awaiting confirmation from key technical levels before committing to new positions.
- Recent rally: above $2.30
- Current pullback: near $1.89
- Broader sentiment: cautious
Liquidity Impact
Higher exchange reserves can reduce slippage during large sell orders. Binance’s increased holdings provide a buffer that may help absorb selling pressure if the token moves into a breakout phase.
- Slippage reduction: larger liquidity pool
- Buffer effect: mitigates large sell orders
- Support for breakout: enhanced by reserve increase
Potential Risks
A failure to close above the $1.80 resistance could trigger a deeper retracement. Market uncertainty remains until the token confirms a breakout, and traders should monitor price action closely.
- Resistance breach failure: deeper pullback
- Uncertainty: remains until confirmation
- Market reaction: depends on price action
Outlook
If $XRP clears the resistance above $1.80, it could trigger a rally toward $2.70 and beyond. The triple bottom pattern suggests possible targets of $2.7, $9, $15, and $32 based on past price extensions. Traders will watch for a close above the resistance to confirm the move.
- Breakout scenario: price above $1.80 resistance
- Potential targets: $2.7, $9, $15, $32
- Confirmation: close above resistance level
The presence of significant ETF outflows and rising exchange reserves creates a mixed backdrop for the token. While outflows may pressure the price, increased liquidity from Binance could cushion a breakout.
Market Sentiment
The $40.6 million outflow from spot ETFs suggests a short-term pullback in institutional exposure. However, the continued net inflows of $1.23 billion indicate that investors still see value in the token. Market sentiment remains cautious but not bearish.
- Testing $1.80 support
- Mixed signals: ETF outflows vs. Binance reserves
- Confirmation needed: close above $1.80
- Future moves will depend on market structure
Key Takeaways
- XRP is holding $1.80 support after a recent pullback.
- Technical patterns point to a potential breakout toward $2.70.
- Spot ETFs saw a $40.6 million outflow, but net inflows remain strong.
- Binance reserves are at their highest level since November, signaling renewed liquidity.
The token’s price action will continue to be influenced by these factors.
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