XRP Price Analysis: Breakout, Key Levels, and ETF-Driven Momentum

XRP price action shows a breakout from a descending channel toward $2.40, with support near $2.00 and a possible move toward $3.00 on volume.

Rich by Coin

2026-01-09

Ripple’s XRP is trying to gain traction amid a volatile macro backdrop, where Bitcoin dominance and ETF optimism are stealing the spotlight.
Despite broader altcoin hesitation, XRP has seen a short-term bounce, but remains trapped below major resistances.
The recent spike followed Bitcoin’s ETF rally, yet XRP is still under pressure on both the USDT and BTC pairs, reflecting weak relative strength.
The XRPUSDT daily chart shows a clean breakout from the descending channel that had been pressuring the price since October.

This breakout triggered a strong bullish move, pushing the asset into the $2.40 resistance zone.
However, it was quickly rejected from the 100-day moving average, now located around the $2.30 mark, and is currently pulling back.
The current support lies around the $2.00 zone, a previous range high turned support.
This area must hold to keep the bullish structure intact.

If lost, the price could revisit the $1.80 demand zone.
On the upside, reclaiming the $2.40 zone with volume would open the door for a push toward the critical $3.00 area.
The XRPBTC chart paints a less bullish picture.
After a brief breakout above the key 2,400 sat zone, the price faced strong resistance from the 200-day moving average and quickly reversed.