- XRP is in a multi-channel correction after peaking at $3.67 in July 2025 and again hitting $2.41 on January 6, 2026.
- Bertrandtissotgm flagged a likely “final dump” as necessary before a potential 2026 breakout, with detailed charting available on the TradingView chart.
- Daily price action sits inside a purple channel, with red and green channels marking key resistance and support zones that influence momentum.
- Technical resistance is strong: the purple channel’s upper trendline aligns with the 200-day EMA at $2.33, while the 20 EMA sits at $2.03 and the 66 EMA at $2.12, signaling bearish structure.
- Analysts describe the pullback as a healthy retracement; key support levels are $2.12 (red channel) and around $2.00 (green channel), and volume trends will determine if the correction deepens.
Bertrandtissotgm outlined why XRP may need a final correction before a move higher, citing daily chart structure and moving-average alignments after recent volatility. The analysis references price peaks at $3.67 in July 2025 and $2.41 on January 6, 2026, followed by a 12.8% drop to $2.10. Traders are watching channel boundaries and moving averages for signs of a breakout.
Since July 2025, XRP entered a purple descending channel and has formed lower highs and lower lows. The purple channel presently contains price action while two other channels, colored red and green in the analysis, mark areas that have either capped rallies or accelerated declines.
Technical resistance intensified when the purple channel’s upper trendline coincided with the 200-day exponential moving average at $2.33. Shorter-term EMAs reinforce the bearish stance, with the 20 EMA at $2.03 and the 66 EMA at $2.12, both positioned below the 200 EMA. Lower-timeframe momentum shows continuation divergence, and On-Balance Volume readings indicate limited buying pressure.
The analyst identified two likely support zones: the red channel around $2.12, which was briefly breached during a recent 24-hour 7.5% fall, and the green channel near the psychological $2.00 level, roughly 5% below current prices. The correction is described as consolidation needed for chart health rather than a confirmed trend reversal.
Observers will monitor whether XRP can hold above $2.00 and if volume returns; failure to regain support may push prices toward lower channel boundaries and alter the timing of any future breakout.
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