Crypto Daily
2026-01-09 09:13:32

XRP Risks Deeper Correction if This Key Level Breaks

XRP is showing signs of renewed weakness after underperforming the broader crypto market. A failed breakout attempt and the loss of a key support zone have shifted short-term structure back in favor of sellers, increasing the risk of a deeper pullback. Powered by Outset PR , this analysis reflects the agency’s commitment to strategic, data-backed communication for the crypto industry. XRP Breaks Below Key Support XRP declined 2.85% to around $2.12, failing to sustain momentum after a brief bullish attempt. Price action broke below the $2.05–$2.10 support zone, an area that had previously acted as a base for continuation. This move followed a failed breakout from a bullish descending triangle pattern. Once upside confirmation failed to materialize, selling pressure accelerated, pushing XRP back into a vulnerable technical position. Momentum indicators do not yet suggest exhaustion. The 7-day Relative Strength Index currently stands at 61, indicating that XRP is neither oversold nor positioned for a technical bounce based on momentum alone. This lack of oversold conditions leaves room for further downside if sellers continue to press price below nearby support levels. How Outset PR Leverages Data-Driven Approach in Crypto PR Outset PR connects market events with meaningful storytelling through a data-driven methodology rarely seen in the crypto communications space. Founded by PR strategist Mike Ermolaev, the agency approaches each campaign like a hands-on workshop—building narratives that align with market momentum instead of relying on generic coverage or templated outreach. Beyond just monitoring on-chain flows, Outset PR monitors the media trendlines and traffic distribution through the lens of its proprietary Outset Data Pulse intelligence to determine when a client’s message will achieve the highest lift. This analysis informs the choice of media outlets, the angle of each pitch, and the timing of publication. A key part of the agency’s workflow comes from its proprietary Syndication Map , an internal analytics system that identifies which publications deliver the strongest downstream syndication across aggregators such as CoinMarketCap and Binance Square. Because of this approach, Outset PR campaigns frequently achieve visibility several times higher than their initial placements. Outset PR ensures that each campaign is market-fit and tailored to deliver maximum relevance at the moment the audience is most receptive. XRP Key Levels to Watch The immediate support to monitor is $2.02, which aligns with the 61.8% Fibonacci retracement. A sustained close below this level would confirm a breakdown of the current structure and could open the door to a deeper correction. If $2.02 fails to hold, downside risk extends toward the $1.80 area, which represents the next major support zone on the chart. On the upside, resistance sits near $2.26, corresponding with the 23.6% Fibonacci retracement. Reclaiming this level would be required to neutralize near-term bearish pressure and stabilize price action. XRP Price Outlook XRP’s failure to hold above the $2.05–$2.10 zone has weakened its short-term outlook. With momentum still elevated and no clear oversold signal, the risk of further downside remains. A confirmed break below $2.02 would likely validate a deeper correction, while bulls must reclaim $2.26 to regain control of the structure. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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