{"id":19725,"date":"2026-01-13T11:50:07","date_gmt":"2026-01-13T11:50:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/is-more-downside-coming-as-xrp-price-rests-multi-month-support\/"},"modified":"2026-01-13T11:50:27","modified_gmt":"2026-01-13T11:50:27","slug":"is-more-downside-coming-as-xrp-price-rests-multi-month-support","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/is-more-downside-coming-as-xrp-price-rests-multi-month-support\/","title":{"rendered":"Is more downside coming as XRP price rests multi-month support?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price is edging closer to losing a key trendline support that has historically served as a strong floor, from which previous rebounds have often begun.<\/p>\n<div id=\"cn-block-summary-block_12150c71163ee54173bdb32444e2c1a9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price has fallen nearly 14% over the past week.<\/li>\n<li>Traders are watching a key trendline support level at $2.<\/li>\n<li>Stablecoin supply and cumulative spot XRP ETF inflows have surged in recent weeks.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, XRP (XRP) price was off to a strong start for this year, rallying nearly 30% from Jan. 1 to $2.39 on Jan. 6 amid a market rebound across all cryptocurrencies, especially owing to the January effect that played a key role.<\/p>\n<p>However, as is common with most other cryptocurrencies that experienced similar double-digit surges, it lost part of these gains as investors began profit-taking. The cooling sentiment intensified as expectations of a hawkish Fed policy sent the market back into fear mode. At press time, XRP price was trading at $2.06, down 13.6% from last week\u2019s high.<\/p>\n<p>With traders now scaling back bets on interest rate cuts for the first half of 2026, the fifth-largest cryptocurrency is testing critical demand zones near $2.00 to see if bulls can maintain their grip on the short-term trend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The daily chart shows that a drop below $2 would risk losing a key multi-month descending trendline that it recently turned from resistance to support. Additionally, $2 has served as a horizontal trendline support multiple times since December 2024, making it a very crucial psychological and technical floor for the asset.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price is testing the $2 support level \u2014 Jan. 13 | Source: crypto.news<\/figcaption><\/figure>\n<p>At press time, momentum indicators showed signs that bears were at an advantage. Notably, the MACD line was at the brink of forming a bearish crossover with the signal line, while the RSI had formed a bearish divergence as it dropped from overbought levels to touch the neutral threshold.<\/p>\n<p>As such, a sharp drop below $2 could trigger further downside to meet the December low at $1.77, which is down nearly 14% from the current price. However, if bulls manage to push XRP price past the $2.2 psychological resistance level, the bearish setup would likely be invalidated.<\/p>\n<h1 class=\"wp-block-heading\">Bullish fundamentals still at play<\/h1>\n<p>Despite the bearish prediction, it must be noted that XRP price still has multiple catalysts building in the background.<\/p>\n<p>For one, data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/xrpl?stablecoinsMcap=true&amp;chainRevenue=false&amp;groupBy=daily&amp;chainFees=false\" target=\"_blank\" rel=\"nofollow\">DeFiLlama<\/a> shows that the stablecoin supply on the XRP Ledger network has increased by over 10% in the past seven days, largely driven by the growth of Ripple USD (RLUSD), which recently crossed a $1.3 billion market cap.<\/p>\n<p>A stronger stablecoin supply means more liquidity for decentralized finance protocols on the chain, which in turn could boost the utility of XRP as a bridge asset for these transactions.<\/p>\n<p>Also, demand for spot XRP ETFs, while having one weaker period of late, has persisted since their launch. These investment vehicles now hold <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-xrp-spot\" target=\"_blank\" rel=\"nofollow\">$1.23 billion<\/a> in net inflows since their debut.<\/p>\n<p>As institutional demand for regulated crypto exposure continues to build, it could also drive follow-through demand from retail investors who view these inflows as a sign of long term stability, potentially boosting the token\u2019s price over the longer run.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is edging closer to losing a key trendline support that has historically served as a strong floor, from which previous rebounds have often begun. Summary XRP price has&hellip;<\/p>\n","protected":false},"author":1,"featured_media":19726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19725"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19725\/revisions"}],"predecessor-version":[{"id":19727,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19725\/revisions\/19727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/19726"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}