Ripple (XRP) trades at $2.28 as key support holds, with traders watching $2.32 resistance, EMA ribbon test, and $2.66 upside target.
Ripple (XRP) is trading at $2.28 at press time, showing a 3% decline in the past 24 hours. Despite the drop, the asset remains up more than 20% over the past week.
It fell from $2.41, breaking below the $2.32 support. A sharp move to $2.21 was met with buying interest, allowing the price to recover back to the current level. The focus is now on whether XRP can move back above $2.31–$2.32 or continue within a downward range.
Support Holding at $2.27, Eyes on $2.66 Target
The $2.27 level lines up with the 0.236 Fibonacci retracement, a point traders often watch during strong trends. Crypto analyst Tara noted that “$2.27 is the new CRITICAL level” for XRP, adding that a moving average is also rising toward this area. This combination is helping support the current price zone.
A clean break above it could shift focus to higher targets between $2.49 and $2.66. These areas match the previous Fibonacci extension levels. If the token fails to stay above $2.27, the next lower level is $2.18, marked by the 0.382 retracement. A move below that could bring $2.11 into view.
… aaannnd there’s the .236 retrace on #XRP at $2.27.
This short-term correction is still developing. The .236 support at $2.27 is the new CRITICAL level on #XRP Holding well so far. MA is pushing RIGHT up and adding support as well. We need #XRP to come up to test the $2.30… pic.twitter.com/Amcftkc6el
— TARA (@PrecisionTrade3) January 6, 2026
In addition, market momentum is showing early signs of slowing. The RSI stands at 64, down from earlier overbought levels but still above neutral.
On the weekly chart, XRP is testing the EMA ribbon, a group of moving averages used to read long-term direction. XRP stayed under this ribbon for months, but the recent price strength has brought it back into the zone around $2.37. Analyst Steph Is Crypto said,
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“$XRP IS TRYING TO RECLAIM THE WEEKLY EMA RIBBON. THIS IS A BIG MOMENT.”
In past cycles, moving above this ribbon has lined up with stronger upward trends. Whether the price closes the week inside or above the ribbon could influence how traders react in the near term.
XRP/BTC Chart Signals Possible Strength Shift
Another setup drawing attention is the XRP/BTC pair. Chartist “The Great Mattsby” pointed out that this pair is approaching a breakout above the monthly Ichimoku Cloud — a level not crossed since 2018. If confirmed, this may reflect improving strength for XRP relative to Bitcoin. The timing lines up with broader interest in cross-asset moves early in the year.
The recent drop in XRP appears to have come from fast selling rather than a gradual decline. This type of action often resets trading positions, giving room for a cleaner base if support holds.
Moreover, on-chain data shows growing activity from larger holders and rising liquidity, as previously reported. Spot-based Ripple ETFs have also seen steady inflows for nearly two months. This institutional demand has helped keep prices above $2.00 and may continue to support current levels if buying interest remains strong.
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