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.
Amid today’s crypto market correction, XRP’s XRP $1.98 24h volatility: 3.8% Market cap: $120.08 B Vol. 24h: $3.70 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.
XRP Price Faces Selling Pressure, but Analyst Remains Bullish
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.
XRP ETF Inflows Remain Consistent
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.
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