XRP Drops 2.4% to $1.90 as Volatility Cools and Market Enters Compression Phase

2026-01-23 11:18:35

⬤ XRP moved lower during the latest trading session, dropping about 2.4 percent over 24 hours to trade near $1.91. The session started with XRP around the $1.95–$1.96 area before sustained selling pressure gradually pushed prices down. The current market structure suggests a period of compression developing after recent volatility.

⬤ The intraday chart shows a controlled downward move with lower highs and modest rebounds rather than sharp selloffs. XRP briefly dipped below $1.91 before stabilizing, with price swings staying relatively narrow compared to earlier sessions. Here’s the thing—while sellers have kept the pressure on, there’s no sign of aggressive liquidation. Instead, we’re seeing a measured pullback following prior activity.

⬤ Throughout the session, XRP traded within a tightening range, signaling reduced volatility and a temporary balance between buyers and sellers. The lack of large wicks or abrupt price spikes suggests the market is consolidating rather than reacting emotionally. These conditions typically emerge when traders reassess their short-term positions after a directional move has already played out.

⬤ This phase matters because XRP often reflects broader sentiment within the crypto market. Periods of narrowing price action can come right before volatility shifts as positioning adjusts. Whether XRP holds steady near $1.90 or transitions into a new directional move, the current structure shows a market in pause mode, with focus centered on how price behaves around this zone in the coming sessions.

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