XRP is currently trading at $1.88 on January 27, 2026, marking a 2.06% decline over the past 24 hours, according to CoinMarketCap data. Trading activity has fallen sharply, with a 24-hour volume of $2.29 billion, down 36.36% from the previous day. Over the past week, XRP has remained relatively stable, declining 2.53% from the prior seven-day period.
In X post, Crypto analyst Jonathan Carter noted that XRP is currently navigating a descending triangle on the 2-day timeframe. “The price is holding above the midline, and a breakout setup appears to be developing,” Carter said.
He identified potential bounce targets at $2.00, $2.30, $3.00, $3.37, $4.00, and $5.00, contingent on the token holding its key support zone around $1.28–$1.61. Failure to maintain this support could extend the ongoing downtrend.
XRP’s price action has been shaped by consolidation and trend formation since late 2024. From December 2024 to mid-2025, the token moved within a symmetrical triangle, reflecting market indecision between buyers and sellers.
A breakout in July 2025 triggered strong bullish momentum, after which XRP entered a descending channel marked by lower highs and lower lows.
Currently, XRP is approaching the lower boundary of this channel, near a historically significant support area. Analysts suggest that a successful bounce could drive the token toward resistance zones between $4.8 and $5.
Technical indicators show a compression phase, indicating that a breakout is possible if buying pressure accelerates. Traders may consider positions near support while monitoring market sentiment closely.
Ripple CEO Brad Garlinghouse appeared before the U.S. Senate Banking Committee on January 26, 2026, to discuss the proposed Crypto Market Structure Bill. The legislation aims to provide regulatory clarity for digital assets, support investor confidence, and integrate cryptocurrencies into the U.S. financial system.
Garlinghouse highlighted that unclear rules have limited adoption by traditional financial institutions and warned that regulatory uncertainty has shifted innovation abroad, potentially weakening U.S. leadership in financial markets.
He emphasized Ripple’s compliance-first approach, pointing to the company’s 900 employees across 50 offices worldwide and its adherence to mature regulatory standards.
The CEO also referenced Ripple’s past legal disputes, noting that clear legislation could reduce compliance costs, prevent future enforcement uncertainties, and encourage sustainable market growth. Industry observers have interpreted Garlinghouse’s testimony as a signal of growing cooperation between regulators and crypto firms.
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