Ripple's XRP Pulls Back to $2.06 Support Zone After Bullish Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Price Fluctuation Analysis: Ripple's XRP experienced a pullback from a peak of $2.40 to a support zone of $2.04–$2.06 in early January 2026, reflecting the significance of market-driven dynamics and technical analysis in short-term price movements.
- Market Driving Factors: Despite a strong bullish surge, XRP's price quickly retreated to a consolidation range due to the absence of new announcements or regulatory changes, emphasizing the dominant influence of market technical factors on XRP's recent performance.
- Importance of Technical Support: A prominent XRP trader noted that XRP needs to hold the $2.05–$2.10 region on higher time frames; losing that could lead to a drop back to the mid-$1s, while holding it could open the path back to $2.40+.
- Stable Regulatory Environment: Recent SEC litigation has not introduced new impacts on XRP, with market focus shifting to technical levels rather than legal developments, and historical patterns suggest that maintaining the current support could drive price targets to $2.20–$2.40.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
