Summary
• Price dropped 2.7% on a large bearish reversal after hitting 2.1069 before rebounding.
• High volume observed during the 20:15–20:30 ET breakdown to 2.0565.
• RSI bottomed at oversold territory near 27, indicating potential near-term bounce.
• Volatility expanded as Bollinger Bands widened by 15% during the session.
• 50-period moving average on the 5-min chart now sits as a potential short-term support near 2.066.
At 12:00 ET on 2026-01-12, XRP/Tether (XRPUSDT) opened at $2.1005, reached a high of $2.1069, and a low of $2.035 before closing at $2.0485. Total volume for the 24-hour window was 53,423,167.2
, with a notional turnover of $108,663,249.25.
Structure & Formations
The session saw a sharp breakdown from 2.086 to 2.0565 in the 20:30–21:00 ET range, forming a bearish flag pattern. A key support at 2.0601 was tested multiple times and held, forming a potential bullish continuation. A strong 5-minute engulfing pattern was observed at 20:15–20:30 ET, confirming the breakdown. A long-legged doji at 23:15–23:30 ET may signal indecision after the drop.
Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart are currently aligned around 2.066–2.068, acting as a dynamic support. On the daily chart, the 50-period MA sits below the 100- and 200-period lines, indicating a bearish bias. The 1-hour MACD crossed into negative territory, signaling continued bearish momentum.
Volatility and Bollinger Bands
Bollinger Bands showed a moderate expansion during the 20:30–21:00 ET breakdown, with the price sitting near the lower band as of 12:00 ET. A contraction in the 05:00–06:00 ET window preceded a rebound, suggesting a potential short-term reversal. Price currently sits within the middle and upper band of a 1-hour BB, suggesting moderate volatility.
Volume and Turnover
Volume spiked sharply during the 20:15–20:30 ET breakdown, reaching over 3.2 million XRP traded. Turnover during this period exceeded $6.6 million, confirming the move. A divergence between rising price and falling volume in the 08:00–10:00 ET window may indicate weakening bullish momentum.
Fibonacci Retracements
The 61.8% retracement level of the 2.0565 to 2.0952 swing (38.2% to 2.076) sits at 2.0786, where price has bounced twice in the last 3 hours. A break above 2.0865 would target the 78.6% level at 2.096, but a close below 2.068 could push toward the 50% retracement of 2.0565.
The price appears to be consolidating after a sharp intraday drop, with technical indicators showing mixed signals. A potential bounce off 2.066–2.068 could see a retracement toward 2.0865, but a breakdown below 2.0565 could extend the move lower. Investors should monitor volume and key Fibonacci levels closely over the next 24 hours, with a cautious approach to long positions.
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