XRP, the token linked to Ripple, has seen a rough ride lately. It dropped to as low as $1.84 on January 19, 2026, during a quick market crash. This marks the lowest point since early January. The price has fallen in 13 out of the last 14 days, down 16% from its recent high of $2.357 last Wednesday. Right now, XRP trades around $1.97, a 3.22% drop from yesterday’s $2.062. It bounced back a bit from that low, but the pain is real for holders.
The drop triggered huge liquidations. Over 12 hours, $40.36 million in XRP positions got wiped out. Almost all of that—$39.14 million—came from long bets, which is 96% of the total. This was part of a bigger crypto meltdown where $873 million in positions across the market were liquidated, mostly longs at $787 million.
XRP broke below the key $2.00 level over the weekend. On Monday, it hit $1.8470 on Binance in a brief plunge. Intraday losses topped 7%. Data from Coinglass shows $29.7 million in XRP long liquidations that day—the biggest since November 2025.
Bitcoin also took a hit, falling 3.79% in one hour from $95,500 to $91,900 before a small recovery to $92,800. The whole market felt the heat.
Why is ? Big global issues are at play. Crypto markets face heavy pressure from rising geopolitical risks and trade fights.
Experts note a shift from normal market drivers to ‘geopolitical theater.’ Risk sentiment is souring fast, hitting stocks and crypto alike. US stock futures opened lower, adding to the fear.
“Crypto markets have come under heavy downside pressure… driven primarily by rising geopolitical and trade tensions.” – Crypto strategist insight
A quick bounce from $1.84 to $1.97 formed what looks like a bullish pin bar on the chart. This could offer short-term hope if it holds. But the big picture is bearish.
XRP trades below key moving averages:
It’s been stuck in a downward-sloping regression channel for months. Each rally hits resistance, forming lower highs. The trend shows 13 declines in 14 sessions—the worst streak since November 2025.
For a bullish turn, XRP needs to break the channel upward, reclaim the 200 EMA at $2.56, and clear $2.40 resistance. That’s not likely soon with the current weakness.
Not all news is bad. Ripple’s ecosystem grows. LMAX, a trading firm, announced a $150 million deal to use Ripple’s RLUSD stablecoin as collateral for crypto trades. This blends traditional finance with crypto, even as XRP struggles.
XRP is the third-largest crypto by market cap, behind Bitcoin and Ethereum. It’s built for fast cross-border payments on Ripple’s open-source network, handling fiat like USD, EUR, and more.
Short-term, XRP looks set for more downside to $1.61 or lower. But long-term, some see upside. If trust in the US dollar and Fed fades due to politics, crypto could benefit. The ‘politicized dollar’ story might drive investors to alternatives like XRP.
Dreams of $100 XRP? Unrealistic now. From $1.97, that needs a 5,000%+ jump, pushing market cap over $5.6 trillion—bigger than all crypto today.
The ties into wider market fears. While technicals scream bearish, Ripple’s real-world use and partnerships offer hope. Stay tuned for updates as volatility rules.
Prices as of January 19, 2026. Crypto markets change fast—always DYOR.
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