Ripple reversal coming? XRP faces a big test

XRP is trading near $1.89 as it retests trendline resistance at $1.97, with traders looking for a breakout or rejection to provide direction.

Price tests key resistance at $1.97

At the time of writing, XRP is trading around $1.89 and testing a descending trendline that had served as support before the recent collapse. This trendline, which has now become resistance, corresponds to the $1.97 level. A move above this area could shift the short-term structure, opening the door to further upside potential.

According to analysis from More Crypto Online, the current upswing has brought XRP back into this technical zone. If the price continues and remains above $1.97, the correction “could become much more complex.” A rejection at this level would support a bearish view.

$XRP
The price is now once again testing the yellow trend lines from below. Key spot here. $1,965 is the next resistance above. If the price goes higher from here, this whole correction will become much more complex. pic.twitter.com/DAhTmRrfsm

— More crypto online (@Morecryptoonl) January 26, 2026

Notably, the graph shows a potential corrective wave structure, marked (A)-(B)-(C). XRP’s recent action fits within this framework. If the downward pattern holds, price levels around $1.85, $1.77, $1.73 and $1.66 are tracked as possible support.

Traders are also focused on $1.80, a level that has been tested several times over the past year. Whale factor be to the current range between $1.80 and $2.10 as a possible setup for increased volatility, depending on which side breaks first.

Momentum indicators point to an early shift

A bearish wedge pattern was recently broken to the upside, leading to a short-term recovery. This pattern often indicates exhaustion in a downtrend. Volume increased slightly during the breakout, but has not yet confirmed strong buyer control.

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Momentum signals show signs of change. On the MACD histogram, the red bars have become smaller, indicating that selling pressure is easing. Analyst CW shared that a sub-indicator points to a trend shift, with a convergence break indicating early bullish momentum.

However, according to Steph Is Crypto, XRP saw big moves in January, with 130 million tokens transferred to exchanges. As we reported yesterday, Binance’s XRP balance rose to 2.74 billion, reaching the highest level since November. Some traders see this as a return of increased liquidity to the market.

🚨WHALE MOVE 130M $XRP TO EXCHANGES IN JANUARY.

WHAT DO THEY KNOW? pic.twitter.com/zt2QWXptqa

— STEPH IS CRYPTO (@Steph_iscrypto) January 26, 2026

Coinglass data shows trading volume fell 17%, while open interest rose nearly 3% to $3.38 billion, indicating new positions are being built. These shifts reflect growing anticipation around XRP’s next direction.