XRP’s price fell about 4%, breaking the $2.00 support, but analysts remain bullish on a potential 5x upside from the multi-year breakout zone.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Amid today’s crypto market correction, XRP’s XRP $2.00 24h volatility: 2.5% Market cap: $121.70 B Vol. 24h: $4.38 B price fell 4%, losing the $2.0 support. Spot XRP ETF inflows keep investor optimism alive.
XRP is down nearly 18% from its Jan. 6 highs of $2.40 as bearish sentiment grips the market, but continued spot XRP ETF inflows are keeping investor optimism alive.
After briefly consolidating between $2.05-$2.06, XRP’s price fell to an intraday low of $1.906 before partially rebounding to $1.97.
XRP’s open interest dropped 10% to $3.58 billion, while daily trading volume increased 166% to $3.66 billion.
Despite the volatility, some investors remain bullish on its long-term prospects.
Crypto analyst Crypto Patel said XRP is trading above a confirmed multi-year breakout zone on the higher-timeframe (HTF) chart.
This shows that the token may be setting up for another major upside move following a prolonged accumulation phase.
Patel noted that XRP has already posted a strong expansion after breaking out near $0.60.
Since then, the price has increased by 600%, and is now rebuilding the structure for the next leg higher.
He highlighted a descending wedge breakout spanning 2020 to 2024 as a key technical catalyst.
According to Patel, XRP’s current focus area sits around a fair value gap and accumulation zone between $1.90 and $1.30.
He said the higher-timeframe bullish structure remains intact as long as XRP holds above $1.30.
$XRP PRICE PREDICTION | MULTI-YEAR BREAKOUT TARGETING $10+?#XRP Is Trading Above A Confirmed Multi-Year Breakout Zone On The HTF Chart After Completing A Long Accumulation Phase. Price Has Already Delivered A Strong Expansion Move And Is Now Building Structure For The Next Leg.… pic.twitter.com/eBBU55I0ia
— Crypto Patel (@CryptoPatel) January 19, 2026
The analyst has outlined upside targets at $3.50, $5.00, $8.70, and $10. However, he said that any closing under $1.30 will invalidate this structure.
Even with the XRP price pullback, inflows into spot XRP ETF have continued at a consistent speed.
Data from SoSoValue shows that XRP ETFs have continued to attract assets since their approval late last year.
Net inflows rose by $1.12 million on Friday, Jan. 16, lifting cumulative net inflows to $1.28 billion.
Grayscale’s GXRP ETF added over $287 million in inflows, bringing its assets to $291 million, while Bitwise’s XRP ETF added $310 million, reaching a similar $291 million.
So far this year, spot XRP ETFs have attracted more than $108 million, with total assets exceeding $1.52 billion for the first time.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
