XRP’s Wild Ride: $745M Liquidated, But Hey, It’s On Sale!

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Oh, the crypto market. It’s like a dramatic ex who just can’t make up its mind. Today, it’s mostly dressed in red-very chic, very “I’m fine, you’re fine, we’re all fine”-with a cool $745 million liquidated in the last 24 hours. Casual.

XRP, the little engine that could (or couldn’t, depending on the day), hit a low of $1.83 early Monday. It’s like it tripped on the weekend and just kept falling, landing at $1.80 on Sunday. Thin trading, you say? More like thin patience. This pullback has been dragging on longer than a bad first date.

At press time, XRP is down 0.70% to $1.88. Cryptocurrencies are taking a nap ahead of a busy week-the Federal Reserve’s FOMC meeting starts Wednesday, and tech giants are spilling their earnings tea. Exciting? Sure. Stressful? Absolutely.

The Fed’s rate decision is coming, and investors are betting on a “no change” cocktail. But let’s be real, the main event is Chairman Jerome Powell’s press conference. Will he drop a bombshell or just serve us lukewarm financial jargon? Place your bets, folks.

After three back-to-back quarter-point cuts, the central bank is hitting pause. Groundbreaking. Meanwhile, XRP’s trading volume shot up 214% to $3.34 billion. Someone’s panic-buying, and it’s giving “I’m definitely not overreacting” energy.

What’s next for XRP? Spoiler: It’s Complicated.

XRP’s been on a four-day losing streak, hitting $1.80 on Sunday. Coincidentally, XRP ETFs saw $40.6 million in weekly outflows. Institutional profit-taking? Or just a fancy way of saying “we’re cashing out before the ship sinks”? You decide.

Here’s the silver lining: the MVRV indicator says XRP is undervalued. It’s at -5.7%, which is basically the crypto equivalent of “this is a bargain, Karen, trust me.” Analysts are calling it a triple bottom support zone near $1.80. Each test brings buyers, but the rebounds? Meh. It’s like a rebound relationship-short-lived and slightly disappointing.

Market sentiment? Fragile. Profit-taking? Nonstop. And everyone’s eyes are glued to the Fed’s first rate decision of the year. Will it be a plot twist or just another Tuesday? Stay tuned, because this soap opera never ends.

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2026-01-27 02:48