The broader cryptocurrency market remains mixed, with total market value standing at about $3.1 trillion, down around 0.7% over the past day. Bitcoin continues to hold its position near $91,000, while Ethereum trades above $3,100 after a steady weekly rise. Among major altcoins, XRP and Solana have posted stronger weekly gains, while BNB has moved more gradually.
XRP is trading near an important area on the chart after moving below a recent support zone. The move lower has not been sharp, but it shows that buying strength has faded compared with earlier levels.
The current price action leaves XRP vulnerable to further weakness if buyers do not step in soon.
XRP has moved below short-term support, pointing to softer market conditions. The area around $1.95–$1.96 stands out as the main level to watch on the downside. Holding above this range could help prices stabilise.
A clear move below this zone would leave XRP open to another drop.
Any rebound in XRP faces pressure near $2.34. Price moves higher are likely to struggle below this area. As long as XRP stays under this level, upside moves may remain limited.
The recent rise in XRP did not show strong follow-through. A few positive candles alone do not confirm that the market has found a firm base. Because of this, the risk of another decline remains.
The next rebound attempt will give more clarity on whether buying interest is returning or if selling pressure continues.
For January 8, XRP remains in a fragile position. Staying above $1.95–$1.96 is important to prevent deeper losses, while any recovery is likely to face resistance near $2.34.
Until stronger buying returns, XRP’s price action points to continued short-term volatility.
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