Why is XRP dropping today on January 6, 2026?

XRP is dropping 2.74% due to profit-taking after a 12.32% five-day rally. Overbought technical conditions, with RSI at 66.74 and CCI at 381.84, triggered algorithmic selling. The Awesome Oscillator turned negative, signaling momentum shift. This pullback is normal consolidation before potential further gains.

What is the XRP price forecast for 2026?

XRP price forecast targets $2.76 monthly, $2.95 quarterly, and $3.07 yearly. These represent 17%, 26%, and 31% gains from current $2.35 levels. Longer-term forecasts suggest $6.07 in three years and $9.07 in five years, assuming continued adoption and regulatory clarity.

What are the key support and resistance levels for XRP?

Key support levels are $2.09 (previous close) and $1.70 (Bollinger Band lower). Resistance forms at $2.37 (today's high), $2.56 (200-day moving average), and $2.76 (monthly forecast). The psychological $3.00 level represents major resistance above current price.

Is XRP overbought right now?

Yes, XRP shows overbought signals with RSI at 66.74 and Stochastic %K at 76.34. The CCI at 381.84 indicates extreme overbought momentum. However, the strong ADX at 34.92 suggests the uptrend remains intact, so overbought doesn't necessarily mean a major reversal is imminent.

What is XRP's market cap and trading volume?

XRP has a market cap of $130.2 billion as of January 6, 2026. Daily trading volume reached 7.07 billion, up 121% from the 30-day average of 4.49 billion. This elevated volume during the pullback suggests institutional accumulation rather than panic selling.

How has XRP performed over the past year?

XRP has surged 295% over the past year, climbing from around $0.60 in January 2025 to $2.35 today. The year-high of $3.65 and year-low of $1.53 show significant volatility. Year-to-date performance stands at 5.49%, making XRP a strong performer in early 2026.

Crypto Insights

Why Is XRP Dropping 2.74% Today? XRP Price Prediction for 2026

ByHuzaifa Zahoor January 6, 2026January 6, 2026

XRP is experiencing a pullback today, with the cryptocurrency dropping 2.74% as of January 6, 2026. The digital asset trades at $2.3475, down from yesterday’s close of $2.09004. Despite today’s decline, XRP has surged 12.32% over the past five days and maintains strong momentum with a market cap of $130.2 billion. Traders are watching this XRP price movement closely as the token approaches key technical levels. Understanding what’s driving today’s XRP drop and where the price might head next is crucial for anyone tracking this major cryptocurrency.