The cryptocurrency market remains under heavy pressure. Selling activity continues to dominate price action. Major digital assets have struggled to regain momentum. Against this backdrop, a fresh warning has emerged for XRP holders. Bloomberg Senior Commodity Strategist Mike McGlone has cautioned that XRP may be nearing a critical technical breakdown.
The warning comes as the broader crypto market extends its corrective phase. Since the January 14 peak of $3.29 trillion, total crypto market capitalization has fallen sharply. More than $360 billion has been wiped out in a short period. This sustained decline has weakened investor sentiment across the market. XRP has not been spared from the downturn.
Crypto Market Decline Weighs Heavily on XRP Price
The broader market correction has impacted nearly all major cryptocurrencies. Bitcoin recently recorded a notable decline. On January 25, BTC dropped by 2.83 percent. This marked its second-largest single-day fall in the past seven weeks. As usual, Bitcoin’s weakness spilled into the altcoin market.
XRP suffered even sharper losses. The token fell by 4.09 percent on the same day. This move pushed XRP below the important $1.9 support level. Earlier, the asset had already lost the psychological $2 mark on January 17. These breakdowns have significantly reduced hopes of a near-term recovery.
At the time of analysis, XRP was trading around $1.88. Price action remains fragile. Sellers continue to dominate short-term momentum. Market confidence appears shaky. This environment has raised concerns among analysts watching key technical levels.
Mike McGlone(market expert and strategist) Warns of Breakdown Below $1.82 Support
Mike McGlone believes the downside risk for XRP is not over. In his latest commentary, he pointed to the $1.82 support level. This price zone has served as a strong cushion for XRP in recent months. According to McGlone, XRP now looks “ripe” for a breakdown below this level.
The $1.82 support has historical significance. XRP reclaimed this zone during the rally in November 2025. That rally was driven by strong market optimism at the time. Since then, XRP has repeatedly defended this level during pullbacks.
McGlone warned that current macro conditions could pressure all risk assets. Cryptocurrencies remain especially vulnerable. Rising uncertainty and declining liquidity continue to weigh on prices. XRP may struggle to hold key support if broader market weakness persists.
Why the $1.82 Level Matters for XRP Bulls
Historical data highlights the importance of the $1.82 region. After losing the level in April 2021, XRP failed to reclaim it for years. The token only moved decisively above it during the November 2025 surge. Since that breakout, XRP has respected the level multiple times.
Several rebounds followed brief dips below $1.82. These occurred in April 2025, during the October 10 market crash, and again in late November 2025. Similar price behavior was seen throughout December 2025. The last confirmed daily close below $1.82 occurred on December 18, 2025.
Each rebound from this zone has historically led to strong upside moves. One such recovery in mid-April 2025 eventually fueled a rally toward $3.66 by July 2025. This pattern gives bulls some hope. However, it remains uncertain if buyers will defend the level again.
If $1.82 fails, selling pressure could intensify. Traders will closely watch the next move. XRP’s near-term direction may depend on how it reacts at this crucial support.
