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$XRP IN THE RED: Major Rejection as Global Risk-Off Takes Over! 📉📉
XRP is under heavy fire today, January 29, 2026, plunging over 6.6% to a mark price of $1.7871. While the coin started the year with a powerful 40% surge, that rally has hit a massive wall as a broader crypto market crash wipes out recent gains.
🔥 Why the Sell-Off is Aggressive:
Global Risk-Off Spook: A "Black Thursday" on Wall Street—triggered by an 11% Microsoft crash and slowing cloud growth—has sent investors fleeing from risky assets like XRP.
Middle East Tensions: Rising fears of a major military conflict involving Iran have sent Gold prices to an insane $5,600/oz, draining liquidity from the crypto market.
Leverage Flush: Over $785 million in total crypto liquidations occurred in the last 24 hours as long positions were forcibly closed during the dip.
Fed Hesitation: The Federal Reserve’s decision to keep interest rates steady (3.50%–3.75%) has crushed hopes for immediate liquidity relief.
📈 LONG Setup (The Oversold Bounce)
The daily chart shows XRP entering a high-volatility zone with the RSI(6) dropping to 24.94, signaling it is deeply oversold.
Entry: $1.720 – $1.785 (Testing local support)
TP1: $1.882 (EMA 7 Resistance)
TP2: $2.135 (EMA 99 Reclaim)
Stop Loss: $1.650 (Key psychological floor)
📉 SHORT Setup (Bearish Continuation)
If the macro "risk-off" sentiment persists, the slide toward the October correction lows could accelerate.
Entry: $1.850 – $1.960 (EMA 25 Rejection)
TP1: $1.650 (Major Support)
TP2: $1.512 (Liquidity Void)
Stop Loss: Above $2.050
🔥 Alpha Insight: Despite the carnage, the Ninth Circuit recently dismissed a class-action lawsuit against Ripple, providing long-term regulatory tailwinds even if the short-term price action is brutal.
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