| Sestao beat Osasuna 2-1 (H) on 8 Jan 1955 |
| Osasuna beat Barakaldo 7-1 (H) on 1 Jan 1955 |
| Barakaldo beat Caudal Deportivo 3-1 (H) on 8 Jan 1955 |
| Caudal Deportivo beat Indautxu 2-1 (H) on 1 Jan 1955 |
| Indautxu beat Racing Santander 5-1 (H) on 8 Jan 1955 |
| Racing Santander beat Lleida 3-0 (H) on 1 Jan 1955 |
| Lleida beat Sporting Gijón 3-0 (H) on 8 Jan 1955 |
| Sporting Gijón beat Terrassa 6-0 (H) on 1 Jan 1955 |
| Terrassa beat Real Zaragoza 2-1 (H) on 8 Jan 1955 |
| Real Zaragoza beat Real Oviedo 1-0 (H) on 1 Jan 1955 |
| Real Oviedo beat Sabadell 1-0 (H) on 8 Jan 1955 |
| Sabadell beat Eibar 3-1 (H) on 1 Jan 1955 |
| Eibar beat Racing Ferrol 4-1 (H) on 8 Jan 1955 |
| Racing Ferrol beat CP La Felguera 3-1 (H) on 1 Jan 1955 |
| CP La Felguera beat Logroñés 2-1 (H) on 8 Jan 1955 |
FLP: Thick arrows show the earliest chain of wins that passes through every team.