The post Ripple linked token drops 4%, will $1.88 support hold appeared on BitcoinEthereumNews.com.

XRP sank nearly 4% as bitcoin dropped under the $88,000 mark on Sunday, ahead of a busy week with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings. News background The consolidation came as spot XRP ETFs recorded their first meaningful weekly outflows since launch, totaling roughly $40.6 million, signaling near-term institutional profit-taking rather than fresh risk-on positioning. There were no negative developments around Ripple or the XRP Ledger during the period. Ripple’s regulatory standing and payments use case remain intact, leaving price action driven primarily by market structure, positioning, and reduced participation rather than fundamentals. Price action summary XRP edged lower from about $1.92 to $1.90 over the 24-hour period ending Jan. 25, trading within a tight 1.8% range. Price repeatedly tested support near $1.88–$1.89, a level that has now held multiple times since XRP slipped back below $2.00 earlier in the week. The session’s most notable move occurred around 09:00 UTC, when volume briefly surged to 34.5 million tokens as XRP dipped toward $1.89 before bouncing back above $1.90. That move marked a failed breakdown attempt rather than the start of a trend. After the bounce, trading activity faded sharply, with volume collapsing into the close — a sign that both buyers and sellers stepped back. On an intraday basis, XRP attempted a modest rebound toward $1.92 but was rejected quickly, sending price back toward $1.90. The inability to reclaim higher levels reinforced the broader sideways structure. Technical analysis From a technical standpoint, XRP remains stuck in consolidation rather than trending. The market has carved out a clear base near $1.88, forming what technicians would describe as a triple-bottom support zone. Each test has attracted buyers, but rebounds have been shallow. Resistance remains layered above price. Near-term selling pressure sits around $1.93–$1.95,…

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Filed under: News - @ January 25, 2026 6:13 pm