XRP Struggles to Maintain Upward Momentum Above the $2 Level

SorryRugPulled · 2026-02-05T04:05:26+00:00

XRP struggles to maintain its position above $2, facing heavy selling pressure with 1.86 billion coins just below this psychological level. Currently priced at $1.44, recovery prospects remain bleak without strong buying volume and funds exiting exchanges.

SorryRugPulled

2026-02-05 04:05:26

Abstract generation in progress

Weakness of XRP in efforts to maintain above the $2 mark continues to be a market focus. This situation is triggered by the presence of massive sell resistance, with approximately 1.86 billion XRP coins sitting just below that psychological level. Current data shows XRP price at $1.44 (as of February 5, 2026), with selling pressure intensifying and making recovery prospects more challenging.

According to analysis from NS3.AI, successfully breaking above this level requires a perfect combination of strong buying volume and outflows from crypto exchanges. This ideal scenario occurred once at the beginning of January, but the momentum has yet to sustain. The market still shows the same pattern: every attempt to rise is quickly met with selling pressure that halts the rally.

Substantial Sell Wall Blocks Price Breakout

A large accumulation of supply around the $1.86 zone acts as a tough psychological barrier. The high trading volume at this level creates significant headwinds for any buying efforts. On-chain data indicates that trading volume is not yet strong enough to absorb this large supply, causing bullish attempts to face resistance at the same level.

Whale Accumulation Not Enough to Counter Selling Pressure

Although there appears to be whale accumulation activity at lower levels, these efforts have not yet been able to offset the continuous selling pressure from other market participants. The asymmetry of strength between buyers and sellers still favors the sellers, preventing the formation of a strong bottom. This phenomenon indicates that market confidence remains hesitant to return to higher levels.

Continued Risk if Critical Level Fails to Break

If XRP fails to decisively break above the $1.99 level, the risk of further decline remains real. Support levels at lower prices will be the next test for holders. Maintaining stability in this challenging market condition requires new inflows of funds and positive momentum from macro factors, a combination that has not yet been clearly seen in the near future.

XRP-3,2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.