XRP Breaks Below $2 as Liquidations Put Focus on $1.93

XRP has slipped below the $2.00 psychological level amid a liquidation-driven move, putting immediate attention on the $1.93 area as a near-term support reference. With volatility tied to leverage unwinds, the current setup reads as a level-to-level structure where reactions around $1.93 and $2.05 may help define the next short window of price behavior.

Market Context

According to CoinDesk, XRP’s drop below $2 was accompanied by a liquidation cascade, a dynamic that often occurs when leveraged positioning is forced to close into falling prices. This type of flow can temporarily exaggerate directional moves and increase intraday wickiness, making nearby horizontal levels more important than narrative-driven targets.

BeInCrypto frames the broader XRP backdrop around a multi-month technical trigger, suggesting traders are monitoring whether the market can maintain constructive structure after a strong prior run. However, with price currently trading below $2, near-term conditions appear more reactive to liquidity events and key levels than to longer-horizon trend confirmation.

Key Levels

• Support: $1.93 is highlighted as a key support area in the current move, acting as a nearby reference where buyers may attempt to stabilize price after the liquidation-driven dip.
• Resistance: $2.05 is a notable overhead level cited as near-term resistance; a reclaim could suggest the breakdown below $2 is being absorbed.
• Critical zones: The $2.00 psychological level remains a key “line in the sand” for short-term structure. Sustained acceptance below it could keep rallies more corrective, while quick recovery above it could reduce immediate downside pressure.

Indicators Snapshot

The provided sources focus primarily on liquidation flow and horizontal levels rather than a deep indicator read. BeInCrypto discusses a bullish trigger over a multi-month window, but the available information is limited regarding specific indicator values (for example, exact RSI levels, MACD cross states, or moving-average positioning). As a result, further confirmation from indicator-based signals would be needed before treating the current dip as either a routine pullback within a broader uptrend or a more meaningful short-term trend change.

Scenarios (Next 24–72h)

• Bullish scenario: If XRP holds $1.93 and reclaims $2.00, then a retest of $2.05 resistance could become more likely, suggesting liquidation pressure is fading and bids are defending the breakdown area.
• Base case: If XRP remains between $1.93 and $2.05, then choppy, range-bound trading could persist as the market digests forced deleveraging and searches for a clearer directional cue.
• Bearish scenario: If XRP loses $1.93 with sustained trading below that level, then downside continuation could follow as stops and remaining leveraged positions unwind further, potentially extending the move beyond the immediate support zone.

Risk Notes

This analysis is for educational purposes only and does not constitute financial advice. Market conditions can change rapidly. Always conduct your own research and manage risk appropriately.

Sources

• https://www.coindesk.com/markets/2026/01/19/xrp-hit-by-liquidation-cascade-as-price-slips-below-usd2
• https://beincrypto.com/xrp-price-4-month-bullish-trigger/