At 4:53 p.m. on Jan. 28, XRP is trading at $1.9147, little changed on the session and holding within a narrow intraday range. Price action has stabilized after earlier swings, with XRP oscillating around the $1.91 area and showing limited follow-through in either direction. The market tone reflects short-term balance, as buyers and sellers continue to contest control near the middle of the recent range.
From a short-term structural perspective, XRP continues to trade sideways following a sharp downswing and subsequent rebound earlier in the period. Price carved out a notable low near the lower $1.80s before rebounding aggressively back toward the $1.93–$1.94 region, where upside momentum began to fade. Since then, candles have compressed, with higher lows offset by repeated failures to sustain moves above nearby resistance. Volume expanded during the selloff and rebound phase, then moderated as XRP settled into consolidation, a pattern consistent with digestion rather than trend resolution.
Recent legal developments have contributed to a gradual rebuilding of confidence around XRP. On Jan. 27, the U.S. Court of Appeals for the Ninth Circuit dismissed the Sostack v. Ripple Labs class-action lawsuit, ruling that the claims were time-barred. While separate from the U.S. Securities and Exchange Commission (SEC) case that reached a settlement in late 2025, the decision further reduces regulatory uncertainty tied to XRP’s early history. With another long-standing legal risk removed, the ruling has helped reinforce market perception that the most significant legal hurdles are now behind the asset, supporting a steadier tone as price consolidates near current levels.
Against that backdrop, Ripple has formally launched Ripple Treasury, a new corporate platform integrating traditional cash management with blockchain infrastructure. The product allows large enterprises to manage fiat balances alongside digital assets, including the RLUSD stablecoin, within a single interface. As Ripple’s largest product rollout since its $1 billion acquisition of GTreasury last year, the launch adds to the growing sense of institutional credibility, aligning XRP more closely with real-world settlement use cases and reinforcing confidence that utility-driven adoption is expanding alongside price consolidation.
Read more: XRP Bull Case Grows as New Court Ruling Affirms Ripple’s Prior Legal Wins
Momentum indicators offer a mixed but steady technical backdrop. The Relative Strength Index ( RSI) is near 51, hovering around its midpoint and signaling neither overbought nor oversold conditions. The Moving Average Convergence Divergence ( MACD) remains slightly negative, with the MACD line just below the signal line, indicating subdued bearish momentum that has not yet reaccelerated. From a Moving Average (MA) standpoint, XRP is trading near the 50-period simple moving average around $1.905 and below the 200-period simple moving average near $1.908, defining a tight congestion zone that price continues to test. Bollinger Bands are relatively compressed, with the upper band near $1.936 and the lower band around $1.894, reflecting reduced volatility as price tracks close to the middle band.
If XRP can build acceptance above the cluster of moving averages near $1.91–$1.92, the technical setup would favor a push toward the upper Bollinger Band near $1.94 and a renewed test of the $2.00 area. Continued failure to hold this zone, however, would keep XRP vulnerable to a drift back toward the lower band, especially if volume expands to the downside. Until a decisive break occurs, XRP appears to be tracking broader market strength rather than leading it, keeping the near-term bias neutral and consolidation firmly in focus.
- Why is XRP trading sideways near $1.91?
XRP is consolidating as buyers and sellers balance near key moving averages after a sharp rebound. - How did the Sostack v. Ripple Labs dismissal affect XRP?
The ruling removed a long-standing legal overhang tied to XRP’s early distribution. - What is Ripple Treasury and why does it matter?
Ripple Treasury lets enterprises manage fiat and digital assets together, reinforcing XRP’s utility focus. - What technical levels are traders watching for XRP?
Traders are focused on the $1.91–$1.92 moving average zone and resistance near $1.94 and $2.00.
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