Ripple’s XRP Bounce Loading? Key Indicators Flash Bullish Signal

XRP is trading near $2.06 after rejecting $2.13. MACD, RSI, Elliott Wave, ETF inflows, and exchange outflows suggest potential reversals.

Ripple’s native cross-border token is trading near key levels after pulling back from the $2.13 area. Price action has declined, but signs of momentum indicators suggest a potential turnaround.

Pressure Indicators Show Early Signs

The 4-hour chart shows XRP still moving through a bearish channel. It holds inside this building, buyers who respond near the bottom border. The $2.00 spot, labeled the wallet, remains the profit margin. According to ChartNerd,

“Price action respects channel support and resistance.”

The MACD histogram is showing signs of easing bearish pressure. The barriers are decreasing, which may refer to the initial change. The Stochastic RSI has already made a crossover in the oversold area. This pattern often appears before a local reversal. ChartNerd also noted that the price may remain within the channel until the $2 level is touched, with a breakout or breakout likely to follow.

At press time, XRP is trading at $2.06, down more than 2% in the last 24 hours. In the last week, it has lost 2% of its value again. Traders traded strongly near $2.13, closing in on recent gains from the $1.80 level. XRP is now consolidating near support.

In addition, EGRAG CRYPTO shared a long-term outlook based on Elliott Wave theory. The chart shows XRP completing waves (1) to (3), now sitting in the correction of Wave (4). If the structure holds, Wave (5) may follow, which is usually where momentum builds.

The chart also highlights repetitive behavior in previous cycles. The stock bounced back from rising support areas before making lower highs. These points, marked with white and green circles, follow a consistent pattern. EGRAG wrote, “That behavior isn’t a weakness, it’s a structural redundancy,” and pointed to a likely target range of between $15 and $22.

#XRP – Chart Screams, People Listen (🎯$20):

💡Focus on the white circles⚪️ & green 🢅 on the chart. That behavior isn’t a weakness, it’s a structural redundancy.

🏳️What’s happening there:
▫️Price pulls back to rising support (21 EMA zone)
▫️Momentum is cooling… pic.twitter.com/s1ldjuDNKH

– EGRAG CRYPTO (@egragcrypto) January 16, 2026

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Exchange Flows and Demand Support for ETF Entry

XRP output from Upbit has increased again. CW8900 noted,

“When the XRP exit from Upbit happened, the price of XRP went up.”

A similar movement was observed towards the end of 2024. XRP held by the Exchange has fallen below 2 billion tokens, from more than 4 billion late last year, indicating lower selling pressure.

Institutional interest remains strong. Spot XRP ETFs attracted a combined inflow of $1.27 billion, according to SoSoValue data. On a day when the broader crypto market lost $47 billion in value, XRP ETFs still recorded $17 billion in net inflows.