XRP has once again failed to maintain a rebound above $2.10, with the token dropping below $2.05 on January 17, 2026, amid sustained selling pressure. Analysts question whether the asset can stabilize before testing lower support levels.
- XRP dropped to $2.03 on January 17, 2026, failing to sustain recovery above $2.10
- Cumulative decline since December 2025 exceeds 24%, with over $30B in market cap lost
- 50-day MA below 200-day MA confirms bearish trend momentum
- RSI at 38 indicates near-oversold conditions but no reversal signal
- Whale withdrawals exceed 12 million XRP in one week
- Critical support at $2.00; breach could trigger drop to $1.75
XRP’s attempt to reclaim momentum was rejected for the third consecutive day, with the digital asset slipping to $2.03 by midday on January 17, 2026. Despite brief intraday gains pushing it above $2.10, trading volume remained subdued, indicating weak institutional participation and limited buyer confidence. The failure to sustain recovery follows a broader trend since late December 2025, when XRP traded consistently above $2.50. Since then, cumulative losses have totaled over 24%, erasing more than $30 billion in market capitalization. On-chain metrics show a 17% increase in long-term holding activity, suggesting investors are avoiding short-term volatility by locking in positions. Key technical indicators reinforce bearish sentiment: the 50-day moving average remains below the 200-day MA, signaling continued downtrend momentum. The RSI has dipped to 38, approaching oversold territory but not yet triggering a reversal signal. If XRP breaks below $2.00, analysts warn of further downside toward $1.75—a level last seen in March 2024. Market participants across decentralized exchanges report increased sell orders at $2.05–$2.10, creating a psychological barrier. Retail traders and algorithmic bots are contributing to the selloff, while large holders (whales) have net withdrawn over 12 million XRP in the past week, according to blockchain analytics.