XRP Struggles Below $2 After $5 Million Liquidation Event
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 20 2026- Liquidation Impact: On January 18, XRP faced a liquidation wave due to macroeconomic tensions, with over $5 million in leveraged trades being forcibly closed, including approximately $1.05 million on Binance, indicating a sharp deterioration in market sentiment.
- Market Reaction: The consideration of up to €93 billion ($107.7 billion) in tariffs by Europe against the U.S. triggered a synchronized selloff across digital assets, causing XRP's price to plummet from a rebound high of $2.40 to $1.85, reflecting the market's sensitivity to geopolitical risks.
- Price Trend Analysis: XRP is currently trading around $1.95, hovering just below the psychological $2 mark, with the daily chart indicating that prices are trading below major moving averages, as sellers aggressively defend the $2.20-$2.40 supply zone, hindering potential rebounds.
- Recovery Challenges: For bulls, reclaiming the $2.10-$2.20 range represents the first step toward recovery; otherwise, the risk of another breakdown toward $1.85 remains valid, as market sentiment continues to be fragile.
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.
