XRP Rebounds as Ripple News and Macro Shifts Ignite Fresh Trader Interest

CN
3 hours ago

At 7:02 p.m. on Jan. 21, XRP is trading at $1.9490, easing slightly after a strong intraday push that carried price toward the $1.98–$1.99 area. The pullback follows a sharp rebound from the session low near $1.86, leaving XRP well off its recent trough. While the most recent hourly candles show some hesitation, price continues to hold above the midpoint of the day’s range, suggesting buyers have largely maintained control following the recovery.

From a short-term price structure standpoint, XRP has staged a clear reversal from its recent decline. Price spent much of the prior sessions trading below both the 50-period and 200-period moving averages, drifting lower until finding support near $1.861, an area that coincided with the lower Bollinger Band. From that level, XRP advanced aggressively, reclaiming the $1.90 handle before accelerating through the $1.94–$1.95 zone and topping out just below $1.99. Since that high, price action has shifted into consolidation, with multiple hourly candles holding between roughly $1.94 and $1.96, indicating that sellers have been unable to force a deeper retracement. Volume increased during the surge off the lows and has moderated as price moves sideways, a pattern consistent with consolidation rather than renewed selling pressure.

The broader macro backdrop also played a key role in shaping the session. Markets were whipsawed by a sharp shift in trade policy rhetoric throughout the day. In a midday address at the World Economic Forum in Davos, President Donald Trump initially heightened trade tensions by reiterating a demand to acquire Greenland and confirming plans for 10% tariffs on eight European allies beginning Feb. 1, prompting a move into safe-haven assets. By late afternoon, however, the tone shifted after the President said the tariff plans would be put on hold following agreement on a “framework of a future deal” focused on Arctic security with NATO Secretary General Mark Rutte. The easing of immediate trade concerns triggered a broad risk-on response, with investors rotating back into equities and digital assets after earlier strength in gold, which had reached a record high earlier in the session.

As risk appetite returned across global markets, Ripple-related developments helped amplify XRP’s rebound during the afternoon session. Binance announced it will list Ripple’s dollar-pegged stablecoin, RLUSD, on Jan. 22, introducing an XRP/RLUSD spot trading pair alongside a zero-fee promotion. At the same time, DXC Technology disclosed a strategic partnership to integrate Ripple’s custody and payments technology into its Hogan core banking platform, which supports more than $5 trillion in deposits globally. These institutional milestones, reinforced by comments from Ripple CEO Brad Garlinghouse at Davos projecting a new all-time high for the total crypto market capitalization in 2026, helped underpin XRP’s recovery from its intraday lows as broader market sentiment improved.

Read more: XRP Repeats 2022 Market Structure as Pressure Builds Below $2

Momentum indicators add further context to XRP’s near-term setup. The Relative Strength Index ( RSI) is near 54.9, placing it roughly five points above the neutral 50 level and signaling improving momentum without entering overbought territory. The Moving Average Convergence Divergence ( MACD) has shifted into positive alignment, with the MACD line holding above the signal line and the histogram remaining above the zero line, reflecting strengthening upside momentum following the rebound. From a Moving Average (MA) perspective, price is positioned above its shorter-term trend measure but remains capped by the longer-term average, underscoring that the move higher is corrective rather than trend-confirming. Bollinger Bands, which are centered around the 20-period moving average, have started to widen after a compressed phase, with price lifting off the lower band and rotating toward the midline, indicating that downside pressure has eased for now.

If XRP can continue to hold above the $1.94–$1.95 area, the current consolidation would favor another upside attempt toward the upper Bollinger Band near the $2.00 region. A failure to maintain this zone, however, would shift focus back toward the mid-$1.90s and potentially the lower band, signaling that the latest rebound is losing momentum as the market reassesses risk appetite.

  • What does XRP’s rebound from $1.86 signal for investors?
    The sharp recovery from key technical support near the lower Bollinger Band suggests renewed buyer confidence and reduces near-term downside risk.
  • Is XRP’s current consolidation bullish or a warning sign?
    Sideways trading above $1.94 with fading volume typically reflects healthy consolidation, indicating investors are holding positions rather than exiting.
  • How do recent Ripple-related announcements impact XRP’s investment outlook?
    Binance’s RLUSD listing and DXC Technology’s partnership strengthen Ripple’s institutional adoption narrative, supporting longer-term value for XRP holders.
  • What key levels should investors watch next for XRP?
    Holding above $1.94–$1.95 keeps the path open toward $2.00, while a breakdown could signal a reassessment toward mid-$1.90 support.

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