2026-01-17 07:34:05

XRP recently received positive news with a banking custody license, but it faced obvious selling pressure at the 2.10 key level. The market behavior is quite interesting——the price has already fallen nearly 40% from the July high, and multiple attempts to break through around 2.06 have failed (which is often called a false breakout).

From the data on open contracts, the enthusiasm of longs is clearly waning. If this selling pressure continues to exert force before the weekend, it could easily trigger a chain reaction of long liquidation, and the price may retreat to the support zone around 1.90.

Some traders are considering shorting:
• Entry range: 2.060-2.090
• Stop-loss setting: 2.150
• First target: 1.920 (approximately 8% decline)
• Second target: 1.820 (approximately 12% decline)

Overall, the technical outlook suggests that the risk of this correction is still worth paying attention to.

XRP-2,1%

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GateUser-0717ab66

· 01-20 07:33

XRP, despite the positive news about licensing, can't really stop the selling pressure. The 2.1 level is firmly holding.

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CoffeeNFTs

· 01-19 22:27

Damn, another false breakout. XRP this wave really has a knife-mouth but tofu-heart. --- A 40% drop and still playing with technicals, I just want to ask, where are the license benefits? --- Repeated failures at 2.06, this should be a clear short-selling signal. --- Long contracts are fleeing, weekend liquidation warnings have sounded. --- At the 1.82 bottom, dare to take a gamble? --- Bank license hype backfired, resulting in even more aggressive sell-offs. Laughing to death. --- Looking at this market chart, it's really just cutting leeks, no problem.

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zkProofGremlin

· 01-19 12:59

It's really hard to hold the line at 2.06. Playing fake breakouts multiple times and still trying to deceive? The licensing positive news can't even withstand selling pressure, now that's interesting.

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CryptoNomics

· 01-17 07:57

actually, your liquidation cascade hypothesis completely ignores the endogenous factors affecting xrp's token velocity and regulatory arbitrage dynamics. statistically speaking, you're just confusing technical noise with genuine market structure.

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PositionPhobia

· 01-17 07:55

XRP this wave is really unimpressive. Just when there was a positive development, it was crushed down again. I felt uneasy every time it broke through 2.06... Based on this trend, it might have to drop to 1.9 to catch a breath.

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MoonBoi42

· 01-17 07:54

XRP this wave is really a bit weak, unable to digest the positive news... 2.06 repeatedly holding but not breaking, it feels like it's handing the knives to the bears. If it continues to drop over the weekend, the bulls might really get liquidated.

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pvt_key_collector