January 30 News: Under the macro uncertainty caused by the potential US government shutdown, XRP prices continue to be under pressure, with a nearly 7% correction in the past two days. It has broken below the key support level of $1.80 and is currently testing around $1.70 repeatedly. The previous high point structure formed in the $1.90 to $2.00 range has been completely broken, and market sentiment has clearly weakened.
This round of decline is not an isolated event. The total cryptocurrency market capitalization has fallen by approximately 5.95%, dropping to $2.81 trillion. Leveraged longs have been forced to close positions, with liquidation amounts exceeding $1.7 billion. Bitcoin has fallen below the $85,000 mark, Ethereum has dropped below $3,000, and risk assets are generally declining, reflecting the ongoing impact of macro policies and geopolitical events on the market.
However, the latest signals from Washington provide some buffer for the market. Trump and Democratic lawmakers have reached a bipartisan consensus on a temporary funding plan, and the Senate leader Chuck Schumer’s office has also confirmed progress in negotiations. Although there are still disagreements over ICE budget and immigration enforcement restrictions, the urgency of the government shutdown has significantly eased, and legislative processes such as the CLARITY Act are expected to continue.
Fund flow data shows divergence. SoSoValue data indicates approximately $92.92 million net outflow from XRP, while funds related to Ethereum and Solana products have recorded net inflows, suggesting some institutions are adjusting their allocations.
From a technical perspective, on January 30, XRP closed at $1.74, still within a downtrend channel. The RSI is at 29, entering the oversold zone, which may allow for a short-term rebound; the MACD is in negative territory and has formed a death cross, indicating insufficient upward momentum. The $1.70 level is seen as a critical defense line; if it is broken, further downside could open. The $1.90 level above remains an important resistance. In the short term, macro news and capital flows will continue to dominate XRP’s price movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Today News: Ripple stablecoin enters Singapore sandbox, maintaining $1.42 as a key support level
Ripple is testing its RLUSD stablecoin in the Monetary Authority of Singapore's regulatory sandbox, aiming to leverage blockchain technology to automate trade finance payment processes to reduce costs and enhance efficiency. This pilot will enable auto-triggered payments without manual approval, increasing transaction transparency. XRP is currently trading in the range of $1.41 to $1.42, with analysts bullish on its long-term value potential.
MarketWhisper51m ago
Technical Analysis March 26: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin (BTC) is currently trading around 71,342 USD, continuing to encounter strong resistance at the 72,000 USD level. Nevertheless, the bulls are maintaining considerable pressure. Trader Daan Crypto Trades stated on X that BTC needs to break through and hold firmly above this zone to have a chance to "retest the 80,000 USD mark".
The market is inherently dry
TapChiBitcoin2h ago
US XRP Spot ETF saw net inflows of $1.264 million yesterday, with a certain asset management institution's product contributing all inflows
Gate News: On March 26, according to SoSoValue data, the U.S. XRP spot ETF recorded a single-day net inflow of $1.264 million on March 25 (U.S. Eastern Time). Among these, the XRP ETF under a certain asset management institution was the only product with net inflows, with a single-day net inflow of $1.264 million. This product's historical cumulative net inflow has reached $377 million. As of press time, the U.S. XRP spot ETF total net assets stand at $996 million, with XRP net asset ratio at 1.15%, and historical cumulative net inflows reaching $1.211 billion.
GateNews2h ago
Evernorth IPO: The Smart Way to Buy XRP at a Discount (Most People Will Miss This)
The ideas in this article are based on insights shared by YouTuber Mickle, who has over 124K subscribers and is known for breaking down crypto strategies in a simple way.
Right now, there’s a lot happening behind the scenes and most people are missing
CaptainAltcoin7h ago
