XRP Tests $2 Support — Daily Close Below $2.045 Could Signal Drop to $1.80
XRP fell about 2% on January 16 and is trading near local support around $2.05. Hourly charts show immediate support at $2.053; a break could push XRP toward the $2.03–$2.04 range and potentially test $2.00 by tomorrow. On the daily timeframe, the key level to watch is $2.045: a close below that could release downward momentum toward $1.80. The article notes sellers are stronger than buyers at week’s end and that XRP was trading at $2.0462 at the time of publication. Traders should monitor the $2.045–$2.05 zone closely for short-term bias confirmation.
Bearish
The technicals in the article point to a bearish short-term outlook. XRP has declined ~2% and is sitting at immediate support near $2.05; the author highlights $2.045 as a pivotal daily-level. Historically, when a daily close breaks a nearby support after several failed bounces, selling pressure often accelerates and targets the next logical support — here noted at $2.00 and then $1.80. The piece also mentions sellers outnumber buyers at week’s end, which increases the likelihood of downside continuation into the next trading sessions. For traders, this implies elevated risk for long positions until price reclaims above $2.045–$2.05 with conviction; short-term bears may look for a confirmed daily close below $2.045 to add positions, while risk management should focus on tight stops above that level. In the medium term, if $1.80 is tested and holds, it could form a new accumulation zone; if broken, larger corrective moves would be possible. Overall, the immediate bias is bearish, pending a decisive bullish reclaim of the highlighted zone.