A compact, two-element textile MIMO antenna is designed with enhanced isolation by using modification in the ground, open-ended slots along with shorting pins. Maximum 27.8 dB isolation is achieved in two-element antennae, where the edge-to-edge distance is kept at 0.19 λ0 which is less than the conventional half wavelength. The Y-shaped decoupling and shorting pins improve the isolation up to 14 dB and can mitigate the current moment between the two ports effectively. The open slots in the ground are enhancing the mutual impedance and shift the operating band of the antenna toward the lower frequency band and thus size miniaturization is also achieved. The textile antenna achieves a 10 dB impedance bandwidth from 4.24 to 5.38 GHz with more than 21.1 dB isolation in the entire band. The phantom wrist model and bending analysis are carried out with the textile antenna to validate the on-body effects of the antenna in wearable and 5G applications.