XRP has stabilized in the narrow zone after abruptly falling below the $2 mark

The XRP digital currency experienced a significant drop that broke through critical technical levels, and after touching the intraday low near $1.906, it stabilized in a reduced range between $1.93 and $1.94. As per the most recent data from January 29, 2026, XRP was trading at $1.81, registering a drop of 5.67% in the last 24 hours, with oscillation between a low of $1.79 and a high of $1.93. The move reflects widespread pressure on high-beta assets following bitcoin’s pullback, signaling that the recent stabilization may be being tested again.

Dynamism of liquidations: when the market clears positions

The scenario that was drawn was a direct result of cascading liquidations. The price retraced from approximately $2.06 to levels near $1.90 when the critical support at $2.05 was broken with significant volume — reaching 335 million at the time according to available records. This extreme trading spike is symptomatic of forced activity rather than ordinary organic selling.

The ensuing recovery brought XRP back to the $1.93–$1.95 zone, demonstrating that after the initial clearing of leveraged positions the market found temporary equilibrium. However, the fact that it has not retaken the $2.05 level is significant: instead of acting as support, this level now acts as resistance — marking the point that buyers need to cross to characterize the move as a mere tactical adjustment.

Technical architecture: areas of interest for the next moves

The graphic structure has well-defined layers. Traders initially monitor the $1.93 level as short-term support, followed by the $1.91 zone where the sharpest clearing occurred. On the upside, $1.95 represents immediate resistance, but $2.05 remains the true “line in the sand” — the threshold that separates an isolated correction from a potential deeper trend reversal.

Volume has been the key indicator. The initial drop was impressive for its intensity, a typical characteristic of liquidations. After this event, trading narrowed, suggesting that the market has stabilized but awaits new directional momentum, either by the entry of strength buyers or by trapped sellers looking for exit.

Scenarios ahead: what to expect

If XRP holds the $1.93 zone and manages to recover towards $1.95, traders will look for an extension towards $2.00 — but the real test will be the breakout of $2.05. An advance above this level would signal that the recent drop was mainly a repositioning, not a structural change in trend.

Conversely, if the coin loses the $1.93 support, the next zone of interest lies at $1.91, where the post-settlement floor has been established. A failure at this level can trigger a sharper movement, as each support ceded reduces technical barriers.

The observed dynamics — stabilized after impact, but without convincing recovery — is standard in post-liquidation scenarios. Price behavior over the next few days will determine whether XRP resumes the previous direction or whether the recent slide marks the start of a more persistent chain of selling in assets correlated to bitcoin’s performance.