WikiBit 2026-02-03 09:39Ripple has failed to defend the local swing low at $1.77. In a recent AMBCrypto report, this level was highlighted as a “make-or-break” support level. At
Ripple [XRP] has failed to defend the local swing low at $1.77. In a recent AMBCrypto report, this level was highlighted as a “make-or-break” support level.
At the time of writing, the low from April 2025 at $1.61 was also under threat.
The CMF remained below -0.05 to signal strong capital outflows. The RSI on this timeframe briefly climbed above neutral 50.
This happened when XRP managed to shift the D3 structure bullishly in the first week of January when it climbed above $2.28.
This momentum did not last, and the bulls were unable to scale the $2.40 resistance. The Bitcoin [BTC] sell-off meant Ripple bulls were unable to bring sustained demand.
Chances of a Ripple recovery?
In the long term, its strong fundamentals will help attract investor interest once more.
The setting up of a Ripple treasury and securing regulatory licenses in multiple countries will foster demand for XRP and increase the adoption of RLUSD, Ripple Labs stablecoin.
There is more space for the XRPL ecosystem to grow. XRP treasury firm Evernorth wants to put the idle XRP to work through the “XRP Lending Protocol.” It was another development that would likely see increased demand.
These strategies are more long-term. For the coming weeks, technical analysis showed that more downside was likely.
Traders call to action – Flip bearish
Source: XRP/USDT on TradingView
The H4 chart showed that a bounce to $1.85-$1.94 would represent a selling opportunity. Short sellers can target $1.50 and $1.39 to take profits.
The 1-day and 3-day price structures were bearish, giving traders more confidence when selling short.
An H4 session close above $1.85 would be an early warning of bears being wrong, and above $1.94 would invalidate this setup. A sustained rally beyond $2 would be the beginning of a recovery.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00