XRP ticked higher but remained range-bound, with buyers defending support and sellers capping rallies near resistance.
News Background
XRP edged up modestly as broader crypto outperformed, with price action reflecting consolidation rather than renewed risk appetite. There were no fresh catalysts driving the move, leaving XRP trading as a positioning market rather than a headline-driven one.
Repeated tests of support attracted buyers, but upside attempts stalled quickly, reinforcing the view that traders remain hesitant to commit ahead of a clearer directional signal.
Technical Analysis
XRP continued to trade within a well-defined range, with support holding near $1.88 and resistance forming near $1.92–$1.94. A brief volume-driven push higher failed to sustain momentum, and price slipped back into consolidation shortly after.
Short-term charts show whipsaw price action rather than trend development, suggesting liquidity probing rather than accumulation or distribution. Until XRP reclaims resistance with follow-through, structure remains neutral-to-soft.
Price Action Summary
- XRP rose about 0.4%, closing near $1.90
- Support near $1.88 held on multiple tests
- Rallies stalled below $1.92–$1.94
- Volume remained near average, signaling limited conviction
What traders say is next?
As long as $1.88 holds, traders expect continued range trading. A break above $1.94 would open the door for a test of $2.00, where sellers are expected to defend aggressively.
If $1.88 gives way, downside risk increases toward the $1.80 area, shifting the market from consolidation into a deeper corrective phase.
For now, XRP remains a waiting game, with traders watching for the range to resolve.
Source: https://www.coindesk.com/markets/2026/01/28/xrp-climbs-to-usd1-90-but-struggles-to-break-out-of-tight-range
