Gemini

April

<p class="is-style-lead">XRP has maintained a price level around $2 for approximately 14 months.</p><div id="cn-block-summary-block_5d4ffed929fd25a4716474e61951894c" class="cn-block-summary"><div class="cn-block-summary__nav tabs"><span class="tabs__item is-selected">Summary</span></div><div class="cn-block-summary__content"><ul class="wp-block-list"><li>XRP entered a correction phase following a rally that began in late 2024.</li><li>The price level near $2 has served as a support zone over the 14-month period.</li><li>Funding rates on major cryptocurrency exchanges have remained predominantly negative since December.</li></ul></div></div><p>The cryptocurrency has established a technical consolidation zone at this price point, with market observers monitoring for signs of a potential trend reversal.</p><p>According to technical analysis published by crypto analyst Darkfost, there are similarities between current market conditions and patterns observed in April 2025, when the asset experienced a price reversal near the established base level. The analyst cited short positioning dynamics as a contributing factor to that previous movement.</p><p>Funding rates on major cryptocurrency exchanges have remained predominantly negative since December, according to data from Binance. Negative funding rates typically indicate a prevalence of leveraged short positions in the market.</p><p>XRP entered a correction phase following a rally that began in late 2024. The asset has experienced two previous instances of negative funding rates followed by price increases: between August and September 2024, and during April 2025, according to historical market data.</p><p>The asset remains below a descending resistance trendline and horizontal resistance level, which technical analysts identify as barriers to upward price movement. This resistance zone aligns with a Fibonacci retracement level used in technical analysis.</p><p>Technical analysis of the weekly chart shows XRP trading below the 9-week Simple Moving Average. The price level near $2 has served as a support zone over the 14-month period, with multiple attempts to break below it failing to sustain downward movement.</p><p>The Relative Strength Index, a momentum indicator, has displayed bullish divergence, suggesting reduced downward momentum despite recent price levels, according to technical analysis.</p><p>Market analysts state that a weekly closing price above the identified resistance zone would represent a technical breakout, while a sustained move below the support level would indicate further downside potential.</p><p>XRP is currently trading near $2, according to CoinGecko. See below.</p><figure class="wp-block-image size-large"><img width="1024" height="747" src="https://media.crypto.news/2026/01/chart258.webp" alt="XRP technical analysis" class="wp-image-14447014"></figure><p>Read more: <a href="https://crypto.news/gemini-shut-down-nifty-gateway-nft-marketplace-feb/" rel="noopener noreferrer nofollow"> Gemini to shut down Nifty Gateway NFT marketplace in February </a></p>

XRP consolidates at $2 level for 14 months as technical analysts eye potential breakout

crypto.news

Other articles published on Jan 28, 2026

Dogecoin Price Shows Reversal Signals as RSI Divergence Forms Near $0.12

Danaher (DHR) Tops Q4 Earnings Estimates, Issues Solid 2026 Outlook

South Dakota Revives Bitcoin Reserve Bill With Up to 10% Allocation Plan

Top Crypto to Buy Right Now in 2026 With HBAR, AVAX, SHIB, and BlockDAG Taking Different Paths

Ripple Hiring Key London Executive

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

Join our free newsletter for daily crypto updates!