Today’s XRP, Ripple-related news, and market turmoil have led to a correction to $1.96

As of January 22, 2026, XRP is trading at $1.96, having entered a consolidation phase after recent volatile price movements over the past few days. Following large-scale two-way leverage liquidations on Binance Futures, the market has shown signs of instability, with traders closely watching the next directional move. It is essential to understand the current price pressure from both Ripple-related corporate developments and market technical indicators.

Two-way Liquidations and Leverage Reset Dominate the Market

Last week, the XRP market was shaken by an unprecedented symmetrical two-way liquidation event. On Binance Futures, after XRP surged to approximately $2.40 on January 5, investors who sold late were forced to cut losses, resulting in the liquidation of about $4.4 million in short positions. The next day, the market reversed, triggering approximately $5.5 million in long position liquidations, putting pressure on traders who chased the breakout.

Such two-way liquidation cascades typically symbolize market uncertainty rather than clear trend confirmation. Excessive leverage has been unwound, reducing tail risks, yet the market continues to explore its direction. Currently, XRP is trading within a range of $1.87 to $1.99, showing a +1.66% increase over 24 hours, but this is merely a short-term rebound.

Ripple-Related Corporate Initiatives for Institutional Investors

Despite the volatile price swings, institutional investor interest in the XRP ecosystem remains high. Ripple and SBI Holdings-backed XRP digital asset treasury company Evernorth announced a strategic partnership with Doppler Finance to explore use cases for institutional liquidity and financial management on the XRP Ledger(XRPL).

This initiative is positioned as exploratory rather than a product launch, with both companies evaluating structured liquidity deployment frameworks and operational considerations for financial management. While Ripple-related corporate activity intensifies, the price is influenced by leverage resets, functioning as a derivative-driven market where short-term direction is determined.

Technical Analysis: Demand Zone Defense and Resistance Levels

The most notable technical signal in the latest trading session was the defense of the $2.07–$2.08 demand zone. On January 8 at 14:00, trading volume surged to 1.5485 billion XRP (a 93% increase over the 24-hour simple moving average). The price dipped to the lower end of the range but was absorbed by buyers, leading to a V-shaped recovery from $2.09 to $2.16.

However, the rally repeatedly stalled around $2.17, confirming supply presence in that region. The 60-minute chart shows a repeated mini-flash-and-rebound pattern, indicating the market has yet to break out and remains within a range. Short-term timeframes exhibit high volatility, with prices oscillating between $2.109 and $2.141, without establishing a clear trend.

Price Levels and Future Outlook

Currently, XRP is trading at the following key levels:

• Current Price: $1.96 (24h high $1.99, low $1.87)
• Short-term Support: $1.87 level
• Medium-term Resistance: $1.99–$2.00 zone
• Bullish Scenario: Break above $2.00, testing higher targets at $2.17, then $2.25–$2.30
• Bearish Scenario: Falling below $1.87, with the next significant demand zone at $1.85–$1.90

The current market environment is characterized as a “reset” phase following a major liquidation event. Excessive leverage has been cleared, reducing immediate chain reactions, but the next significant move—up or down—is likely to be triggered by new impulses, rather than further liquidation loops.

Key Market Points for Traders Today

1. Range Boundaries Are Critical: Maintaining the $1.87–$1.99 range will determine the short-term direction.
2. Institutional Activity: Developments from Ripple-related companies serve as medium-term fundamentals but are not yet priced in.
3. Avoid Excessive Leverage: After large two-way liquidations, caution is advised regarding leverage positions.
4. Monitor Volume: A surge in volume at the $1.87 level could signal a potential downside breakout.

While Ripple-related corporate activities support long-term fundamentals, today’s market is primarily driven by technical factors and leverage dynamics. Until a clear breakout occurs outside the range, traders should focus on trading opportunities within current levels and prepare for sudden volatility.