On January 5-6, short and long position liquidations on Binance Futures pushed XRP toward the middle of this range. A $4.4 million short liquidation on January 5 was followed by a $5.5 million long liquidation on January 6, increasing volatility. This two-phase “reset” wave highlights a market still searching for direction.

Institutional Growth: Evernorth and Doppler Finance

Institutional interest remains strong. Evernorth, supported by Ripple and SBI Holdings, partnered with Doppler Finance to explore liquidity and treasury use cases on the XRP Ledger (XRPL). This initiative is not a product launch but a strategic research phase on XRPL.

Technically, XRP trades between $2.07-$2.17 in the short term, marking critical levels. On January 8, high trading volumes defended the $2.07-$2.08 support zone, triggering a V-shaped recovery. However, resistance around $2.17 capped gains, confirming supply pressure. One-hour charts show ongoing minor drops and recoveries, indicating the market has yet to break out.

Price Action Summary

• XRP fell from $2.17 to $2.12, forming a range of approximately 4.9%.

• The high-volume drop confirmed demand at the $2.07-$2.08 zone.

• Attempts to recover near $2.17 remained limited, reinforcing short-term selling pressure.

• Recent trades fluctuated between $2.109 and $2.130.

What Investors Should Know

• If $2.07-$2.08 holds, XRP may continue to trade within this range. The first upward test is $2.17, followed by $2.20. A clear break above $2.17 could start a trend toward $2.25-$2.30.

• If $2.07 breaks, focus shifts to $2.05 and then the demand zone around $1.85-$1.90.

• The market created high leverage quickly, reducing the chance of sudden chain reactions. The next breakout is likely driven by new momentum rather than another liquidation wave. XRP fell to the daily support at $2.07; if lost, the price could test the $1.91 demand zone.

This content is for informational purposes only and does not constitute investment advice.

The post XRP Price Analysis: Critical Levels After Double-Sided Liquidation appeared first on Coin Engineer.

On the other hand, if XRP sees a strong bounce from the $2 support, the first resistance level would be the bearish FVG zone ($2.36-$2.52**)**. A breakout above this region could strengthen buyers, pushing the price toward the next resistance at $2.78.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Recently, rising volatility in the cryptocurrency market has made XRP investors more cautious. In particular, the movements of Bitcoin (BTC) and major altcoins will be decisive for XRP’s direction. If the broader market shows a positive outlook, XRP could hold the $2 support and gain upward momentum. However, if selling pressure persists, XRP might test lower critical support levels.

In the coming days, whether XRP can maintain its $2 level will provide clearer signals for its future price direction. Technical indicators suggest that investors should closely monitor this key level.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post XRP at a Critical Support: Bullish or Bearish? appeared first on Coin Engineer.

However, if the $2.78 resistance cannot be broken, XRP is expected to find support at $2.52. Maintaining this level is crucial for the continuation of the uptrend. Technical analysis shows that XRP is gradually forming an uptrend. Additionally, the proper alignment of EMA levels supports a bullish outlook, making this a positive sign for further gains.

SEC Approves Modification for Grayscale Spot XRP ETF!

One of the most significant developments for XRP is the SEC‘s approval of the modification request for the Grayscale Spot XRP ETF. This news could increase institutional interest in XRP and have a positive impact on its price. While ETF rumors enhance investor confidence, they may also trigger a new wave of momentum in XRP’s price movement.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Key Levels in XRP Technical Analysis

If the $2.78 resistance is broken, $3.00 and $3.15 levels could come into play. At this stage, staying above $2.78 will be crucial for the continuation of the bullish trend. However, if $2.78 is not surpassed, a pullback could lead XRP to test the $2.52 support level, which is expected to act as a strong base.

Additionally, XRP is slowly forming an uptrend. Technical indicators are giving positive signals, and the bullish alignment of EMA levels further strengthens the upward expectation, highlighting a strong potential for further gains.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post XRP Analysis: Is It Preparing for New Highs with ETF News? appeared first on Coin Engineer.