Finbold
2026-01-24 19:37:05

Trading expert sets date when XRP will crash to $1.4

A trading expert has warned that XRP could face another sharp sell-off, with technical indicators pointing to a move toward the $1.40 region in the coming months. According to an analysis by TradingShot , XRP has remained in a sustained bear cycle since topping out in mid-July 2025. In a TradingView post published on January 23, the analysis based on the daily chart shows price action locked inside a clearly defined descending channel, signaling persistent lower highs and lower lows. This structure has dominated XRP’s trend for months and continues to guide downside expectations. XRP price analysis chart. Source: TradingView Over the past several weeks, XRP has struggled to regain key moving averages . The analysis highlighted repeated failures to reclaim the 200-day moving average (MA), a level that typically acts as a major trend filter. Each rejection near this area has reinforced bearish momentum and signaled continuation rather than reversal. More recently, price action formed a lower high in early January 2026, marking the start of a new bearish leg within the broader downtrend. XRP key price level to watch The analysis also notes that XRP has been leaning heavily on longer-term support around the 100-week MA. This level has acted as a cushion during prior declines, but historical patterns on the chart show that when this support gives way, XRP tends to experience accelerated losses. Previous bearish legs within the same channel have produced declines of just over 40%, a move that would align with a drop toward the $1.40–$1.45 zone. Based on the channel projection and past symmetry, the outlook suggests that if XRP fails to reclaim major daily moving averages and the weekly support breaks, the decline could extend into late February 2026. That timeframe aligns with the lower boundary of the descending channel, where the projected target sits near $1.40. XRP price analysis By press time, XRP was trading at $1.91, having corrected by over 2% in the past 24 hours. On the weekly timeframe, the asset is also in the red, down more than 7%. XRP seven-day price chart. Source: Finbold At the current price, XRP is trading below its key moving averages, keeping the broader technical outlook bearish. The 50-day simple moving average near $2 is acting as immediate resistance, while the much higher 200-day SMA around $2.50 underscores a firmly negative longer-term trend. Meanwhile, momentum indicators are more balanced. The 14-day RSI stands at around 44, placing XRP in neutral territory. This suggests bearish momentum is present but not overstretched, leaving room for either a modest bounce or further downside. Featured image via Shutterstock The post Trading expert sets date when XRP will crash to $1.4 appeared first on Finbold .

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