XRP opened the week with a roughly 7% rally before reversing sharply midweek, and the token remains under pressure. A widely watched technical indicator now suggests the recent downswing may be nearing exhaustion, while investment flows tied to XRP turned negative late in the week.
Market Snapshot
After the early-week advance, XRP sold off on Wednesday and continued lower into the week’s close. As of publication, XRP traded around $1.74, down about 3.26% over the past 24 hours, according to CoinMarketCap data.
TD Sequential Points to Short-Term Rebound Risk
In a January 30 post on X, technical analyst Ali Martinez highlighted a potential short-term reversal signal on XRP from the TD Sequential indicator. The tool is designed to identify trend exhaustion through a series of counts; a completed “9” count can signal fading momentum, while a full “13” count may indicate a higher likelihood of reversal.
Martinez’s shared chart shows a completed “9” count to the downside, suggesting selling pressure could be waning as XRP approaches a key price area. He noted that if support around $1.70 holds, the token could attempt a rebound. On the upside, the $1.80–$1.85 range may act as initial resistance, with $1.90 as a subsequent level to watch.
Investment Flows Turn Negative
Exchange-traded products (ETPs) tracking XRP recorded net outflows late in the week, according to data from SoSoValue. After combined positive net flows of approximately $23.87 million over the first three days, Thursday saw an estimated $92.92 million in outflows, flipping the week to a cumulative outflow of more than $69 million. That follows net outflows of about $40.64 million the prior week.
Negative net flows can indicate cooling institutional demand in the short term, though they may also reflect profit-taking or broader de-risking rather than a definitive shift in longer-term sentiment.
Key Levels to Watch
- Support: $1.70
- Resistance: $1.80–$1.85; then $1.90