XRP: The Crypto That’s More Moody Than Your Ex

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Ah, XRP, the cryptocurrency that’s currently drifting toward the $1.90 support zone like a sad balloon at the end of a child’s birthday party. Fading volume and negative funding rates suggest traders are leaning so heavily to the short side, they might as well be auditioning for a Cirque du Soleil act. Will it rebound? Or will it just keep floating aimlessly, like my hopes after realizing I’ll never be a professional hula hooper?

  • XRP is trading near $1.91, because apparently, it’s having a mid-life crisis and can’t decide whether to go up or down.
  • Funding rates have been negative since December, which is longer than I’ve lasted on any diet. Short-heavy positioning? Sounds like my last relationship.
  • The price is testing the $1.90-$1.85 demand zone, where volatility is tightening like my jeans after Thanksgiving.

XRP’s most recent pullback has it trading near $1.91, down about 2% in the past 24 hours. It’s like watching a snail race, but with more existential dread. Over the past week, it’s moved between $1.89 and $2.08, which is about as exciting as watching paint dry-if the paint were also emotionally unstable.

Since its July 2025 peak of $3.65, XRP is down 47%, proving that even cryptocurrencies can have a bad hair day. Spot trading volume has dropped 48% to $2.2 billion, and derivatives volume is down 40% to $3.91 billion. Open interest has dipped 2.47% to $3.31 billion. In other words, everyone’s closing their positions faster than I close a tab with embarrassing search history.

The mix of lower volume and shrinking open interest suggests traders are bailing like it’s the Titanic. Or maybe they’re just taking a nap. Who knows?

Funding Rates: The Crypto Version of a Passive-Aggressive Text

XRP’s funding rates are trending lower, which is about as surprising as finding out your ex is still “figuring things out.” CryptoQuant’s Darkfost noted that funding across major exchanges has stayed mostly negative since December, reflecting a rise in short positioning. But here’s the kicker: bearish bets grew toward the end of the rally, which historically sets the stage for sudden reversals. It’s like when you think you’re about to get dumped, but then your partner surprises you with a weekend getaway. Or, you know, more likely, a breakup.

Similar patterns were seen in late 2024 and during the April 2025 pullback, when negative funding rates preceded strong upward moves. Social sentiment data from Santiment shows XRP has entered “Extreme Fear” territory, which is basically the crypto equivalent of me after watching a horror movie.

👍 According to our social data, XRP has fallen into ‘Extreme Fear’ territory. Small retail traders have become more pessimistic than a teenager on a Monday morning. Historically, this level of bearish commentary leads to… well, who knows? Maybe a rebound, maybe a nap.

– Santiment (@santimentfeed) January 22, 2026

Periods of intense retail pessimism like this often show up near market turning points, which is great news if you’re into emotional rollercoasters.

XRP Price Technical Analysis: Or, How to Sound Smart About Something You Barely Understand

On the daily chart, XRP is sliding toward a key support area between $1.90 and $1.85, like a toddler inching toward a cookie jar. The trend still favors sellers after the price was rejected from the $2.35-$2.40 zone earlier this month. But hey, at least it’s not rejected from the cool kids’ table at lunch.

Selling pressure is easing as the price tests an area that has attracted buyers in the past, kind of like how I always go back to that one unreliable ex.

XRP is trading below its 50-day and 100-day moving averages, which sit around $2.05-$2.15 and continue to cap rallies. A daily close above the 50-day average would be an early sign that the downside control is weakening, or that the universe has finally decided to cut XRP some slack.

The price is also pressing along the lower Bollinger Band, which is a fancy way of saying it’s stuck in a rut. Band compression is beginning to show, raising the risk of a sharper move once volatility expands. If selling keeps slowing, a push toward the mid-band around $2.07 isn’t out of the question. Stranger things have happened, like my neighbor’s cat learning to play the piano.

Momentum indicators are cautiously optimistic, like me when I’m told there’s free food at an event. The relative strength index is in the low 40s, and while momentum and MACD readings are still negative, a relief bounce could happen if the $1.90-$1.85 range holds. But if it breaks below $1.85, well, let’s just say it’s going to need a lot of therapy.

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2026-01-23 11:31