XRP Slips Below $2, but Analysts Still See a 5X Rally Ahead

Jakarta, Pintu News – Amid the current crypto market correction, the price of XRP (XRP) fell 4% and lost the support level of $2.0 on January 19. However, fund flows into spot XRP ETFs have kept investors optimistic.

XRP has dropped nearly 18% from its January 6 high of $2.40 due to the bearish sentiment dominating the market. However, the continued influx of funds into spot XRP ETFs gives investors hope.

XRP price experiences selling pressure, but analysts remain optimistic

After consolidating in the $2.05-$2.06 range, the XRP price dropped to an intraday low of $1.906 before partially recovering to $1.97.

Read also: Shiba Inu Price Prediction: SHIB Threatened to Fall Again? Technical Signals Reveal Bear Dominance

XRP’s open interest decreased 10% to $3.58 billion, while daily trading volume jumped 166% to $3.66 billion. Despite the volatility, some investors remain optimistic about XRP’s long-term prospects.

Crypto analyst Crypto Patel stated that XRP is still trading above the confirmed multi-year breakout zone on the long-term chart (HTF). This suggests that XRP may be gearing up for its next big run-up after going through a long accumulation phase.

Patel highlighted that XRP has previously experienced a strong surge since breaking the $0.60 level. Since then, the price has risen by 600% and is now forming a new structure for further gains.

He also flagged the breakout of the descending wedge pattern from 2020 to 2024 as a key technical factor. According to him, XRP’s current price focus area is around the fair value gap and accumulation zone between $1.90 to $1.30.

As long as XRP stays above $1.30, the long-term bullish structure is considered intact. Patel projects price upside targets at $3.50, $5.00, $8.70, and $10. However, he cautions that if the price closes below $1.30, this structure will be considered void.

Fund Flows to XRP ETFs Remain Steady

Despite the decline in XRP price, fund flows to spot XRP ETFs have remained consistent.

Read also: As Ethereum Leads, Altcoins Rocket – Is this the Start of a New Trend?

According to data from SoSoValue, since its approval at the end of last year, the XRP ETF has continued to attract investor funds. On Friday, January 16, net fund flows rose by $1.12 million, raising its cumulative total to $1.28 billion.

Grayscale’s GXRP ETF added over $287 million, bringing its total assets to $291 million. Meanwhile, Bitwise’s XRP ETF added $310 million, also reaching $291 million.

So far this year, spot XRP ETFs have attracted more than $108 million, with total assets surpassing $1.52 billion for the first time.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. XRP Dips Below $2 But Analysts Eye 5x Rally Potential. Accessed on January 20, 2026