XRP USD Breaks Below $1.70 Support as -8.6% Decline Intensifies Selling Pressure
XRP USD is experiencing significant downward pressure as of January 31, 2026. The cryptocurrency has declined 8.6% from its previous close, trading at $1.64938 with volume surging to 139.5 million. This sharp move comes as XRP USD breaks below critical support levels, triggering increased selling activity. Market participants are closely watching whether this decline represents a temporary pullback or the start of a deeper correction. Understanding the technical setup and market dynamics becomes essential for tracking XRP USD price action in the coming weeks.
XRP USD Technical Analysis
XRP USD’s technical picture shows mixed signals with some concerning indicators. The RSI sits at 66.74, approaching overbought territory but not yet extreme, suggesting selling pressure remains manageable. The MACD histogram stands at 0.05, indicating a slight bullish divergence as the signal line at -0.08 remains negative. The ADX reading of 34.92 confirms a strong downtrend is in place, meaning the selling momentum has real conviction behind it.
Bollinger Bands reveal price action near the lower band at $1.70, with the middle band at $1.93 and upper band at $2.17. This positioning suggests XRP USD has moved toward the lower extreme of its recent range. Support levels at $1.70 and $1.61 (day low) are now critical watch points. A break below $1.61 could accelerate selling toward the 52-week low of $1.6106.
Market Sentiment and Trading Activity
Trading volume has expanded significantly, with current volume at 139.5 million compared to the 90-day average of 134.3 million. This elevated activity confirms that selling is not passive but driven by active liquidation and position unwinding. The Money Flow Index at 64.35 shows capital is flowing out of XRP USD despite the price decline, a bearish signal.
Liquidation data indicates that long positions have been hit harder than shorts, with cascading stop-losses triggering as price breaks key technical levels. The On-Balance Volume at -96.9 billion reflects sustained selling pressure over recent sessions. This combination of high volume, negative OBV, and strong ADX suggests the current downtrend has institutional participation behind it.
XRP USD Price Forecast
The monthly forecast for XRP USD targets $1.24, representing a -24.8% decline from current levels if realized. This level would test psychological support and could attract value buyers if reached. The yearly forecast stands at $4.16, implying a potential +152% recovery over the next 12 months as the market reprices XRP USD fundamentals.
Longer-term forecasts show $6.77 for three years and $9.37 for five years, suggesting the current weakness may represent a buying opportunity for long-term holders. These forecasts assume market conditions remain stable and regulatory clarity improves. Forecasts may change due to market conditions, regulations, or unexpected events.
Why XRP USD Is Declining Today
XRP USD’s -8.6% decline reflects broader cryptocurrency market weakness and specific technical breakdown. The price broke below the $1.70 support level that had held for several trading sessions, triggering algorithmic selling and stop-loss orders. This technical failure accelerated the move lower as momentum traders joined the selling.
Market data shows XRP USD has underperformed Bitcoin and Ethereum over the past week, losing -9.16% in the five-day period. This relative weakness suggests sector-specific selling rather than broad market capitulation. The 50-day moving average at $1.97 remains above current price, confirming the intermediate trend has turned negative.
Key Support and Resistance Levels
The immediate support zone sits at $1.61 to $1.65, where XRP USD found a temporary floor on January 31, 2026. A break below $1.61 opens the path toward the 52-week low of $1.6106. The next significant support appears at $1.50, a psychological level that could attract institutional buyers.
Resistance forms at $1.75 (recent day high) and $1.80 (previous close level). A recovery above $1.80 would need to clear the 50-day moving average at $1.97 to signal a genuine reversal. The 200-day moving average at $2.53 remains far above current price, showing the longer-term trend is decidedly bearish.
Final Thoughts
XRP USD faces a critical juncture as of January 31, 2026, with the -8.6% daily decline breaking key technical support levels. The strong ADX reading of 34.92 confirms selling momentum has institutional backing, while elevated volume validates the move lower. Technical indicators show RSI at 66.74 and negative MACD signal, suggesting further weakness is possible before stabilization occurs.
The monthly forecast of $1.24 represents significant downside risk, though the yearly target of $4.16 implies substantial recovery potential if the current decline exhausts itself. Support at $1.61 and $1.70 will determine whether XRP USD stabilizes or accelerates lower. Market participants should monitor volume trends and RSI behavior for signs of capitulation. The broader context shows XRP USD underperforming peers, suggesting sector-specific factors may be at play beyond general market weakness.
FAQs
XRP USD declined **8.6%** due to a technical breakdown below the **$1.70** support level, triggering stop-loss orders and algorithmic selling. The strong ADX at **34.92** confirms the downtrend has institutional participation. Elevated volume at **139.5 million** validates the selling pressure.
The monthly forecast targets **$1.24**, while the yearly forecast projects **$4.16**. Three-year and five-year forecasts show **$6.77** and **$9.37** respectively. These forecasts assume stable market conditions and improved regulatory clarity.
Immediate support sits at **$1.61** to **$1.65**, with the 52-week low at **$1.6106** below that. The next major support appears at **$1.50**. Resistance forms at **$1.75** and **$1.80**, with the 50-day moving average at **$1.97**.
The RSI at **66.74** approaches overbought territory but hasn’t reached extreme levels above **70**. The MACD histogram at **0.05** shows slight bullish divergence despite negative signal line. These readings suggest selling pressure remains controlled.
The ADX at **34.92** signals a strong downtrend with conviction. Price trades near the lower Bollinger Band at **$1.70**. The negative MACD signal at **-0.08** and elevated volume confirm selling momentum is real and institutional.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
