Place protein powder, bananas, cherries, ice, cacao, and coconut milk into blender.
Pulse until smooth, using extra water or coconut milk to loosen the mixture if needed.
Divide finished smoothie into two large bowls. Pour a small amount of extra coconut milk (about 2 tsp) atop the bowls.
Use a spoon to create a swirl pattern. Top with extra frozen cherries, cacao nibs, and coconut flakes and enjoy immediately