The XRP market is facing a noisy phase as critical technical indicators point to a potentially deepening crisis. A detailed analysis of the XRP price chart reveals a significant break below the 200-day EMA, a bearish signal that could herald a further price decline.
The XRP market is facing a noisy phase as critical technical indicators point to a potentially deepening crisis. A detailed analysis of the XRP price chart reveals a significant break below the 200-day EMA, a bearish signal that could herald a further price decline.
This breakout is accompanied by what appears to be an imminent bearish crossover of the EMA, where the short-term moving average is about to cross below the long-term average. Such a crossover would likely confirm the dominance of bearish momentum, increasing the risk of a continued XRP decline.

Adding to the worrying technical setup is the descending volume in the middle of the downtrend. Typically, falling volume can suggest a lack of conviction in the downtrend, but it can also indicate that a significant price drop has not attracted new buying interest, which could lead to a longer bear market.
Focusing on specific price levels, XRP is currently facing a clear resistance level of around $0.66, which it must overcome to alter the current bearish narrative. On the downside, the support level to watch is around $0.42, breaching of which could significantly undermine market sentiment and lead to accelerated selling pressure.
For a reversal scenario, the bulls would need to push the price back above the 200-day EMA and initiate a bullish crossover of the EMA to flip the script. A significant increase in purchasing volume, potentially triggered by positive developments in Ripple’s ongoing legal challenges or adoption news, could help catalyze such a reversal.
Arbitrum turns back again
The cryptocurrency market is witnessing a substantial correction in the price of Arbitrum (ARB), the native token of the largest Layer 2 scaling solution for Ethereum.
The ARB chart illustrates a notable pullback from its recent highs, indicating a bearish reversal pattern that could potentially extend further. The asset has rapidly lost value, which could be a symptom of the current sentiment towards Ethereum and its associated L2 solutions, as the market sees a resurgence of interest towards ecosystems such as Solana, known for its high performance and lower transaction costs.
Chart analysis reveals a critical local support level at around $1, a threshold that is crucial for ARB to maintain to avoid further declines. On the upside, resistance to watch lies around the $1.8 mark, which previously limited bullish moves and may continue to pose a barrier to recovery.
For a reversal scenario in the foreseeable future, ARB would need to recover and consolidate above the $1.05 support, possibly driven by increased user adoption or technological milestones within the Arbitrum ecosystem that could reignite interest and confidence. .
Cardano shows some hope
Cardano has recently lit a flame of optimism on the chart. On January 19, a “candle of hope” was lit when ADA witnessed a sharp reversal from the 100-day moving average.
This reversal candle represents not only a temporary respite but a potential change in market sentiment. While the medium-term trend has been bearish, the decreasing volume accompanying the downward price action suggests that selling pressure is weakening.
Zooming in on specific levels, ADA has found solid support at around $0.4126, a line that has historically been defended by bulls and could serve as a springboard for a potential recovery. On the other hand, the asset faces immediate resistance at $0.5591. This level has been a persistent barrier to bullish moves and must be overcome convincingly for ADA to regain its bullish momentum.
For a bullish reversal scenario to materialize, ADA will need to ride the “candle of hope” momentum and break through resistance, ideally with increasing volume to validate the move. A sustained break above this level could draw marginalized investors back into the market, further fueling the recovery.
Additionally, if overall market conditions stabilize and positive developments within the Cardano network continue, such as advancements in scalability or new partnerships, these could serve as catalysts to reverse the current bearish trend.