Ripple-linked XRP drops 5%, opening downside risk toward $1.70

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ripple-linked XRP drops 5%, opening downside risk toward $1.70 Traders are watching $1.80 as near-term support, with $1.87–$1.90 now the key resistance zone. By Shaurya Malwa Updated Jan 29, 2026, 5:16 p.m. Published Jan 29, 2026, 5:15 p.m. Make us preferred on Google What to know : XRP dropped about 5 percent from $1.91 to near $1.80 as bitcoin’s pullback sparked broad risk-off selling across high-beta tokens. The slide accelerated once XRP broke below key support around $1.87 on heavy volume, erasing last week’s gains before buyers stepped in near the $1.78–$1.80 zone. Traders now view $1.80 as a crucial support level, with a sustained move back above roughly $1.87–$1.90 needed to signal a corrective pullback rather than the start of a deeper decline. XRP slid sharply as bitcoin pulled back, triggering a high-volume breakdown that erased last week’s gains before buyers stepped in near $1.80. News Background XRP fell alongside broader crypto weakness as bitcoin retreated, pressuring high-beta tokens and unwinding recent gains. The move wasn’t driven by token-specific news, but by risk-off positioning, with sellers taking control once price slipped below key technical levels. The decline followed a rally earlier in the week that occurred on thin volume, leaving XRP vulnerable once broader market sentiment turned. Technical Analysis XRP broke decisively below $1.87, triggering accelerated selling on heavy volume and confirming a short-term bearish shift. The breakdown erased the prior session’s advance and pushed price quickly toward $1.80, where buyers emerged to slow the decline. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . While XRP managed a modest bounce back above $1.80, the recovery lacked strong follow-through and left price below former support, which now flips into near-term resistance. Structure improves only if XRP can reclaim and hold above the breakdown zone. Price Action Summary XRP fell about 5%, sliding from $1.91 to $1.80 Selling accelerated after $1.87 support failed Volume surged during the breakdown, signaling forced selling Buyers defended the $1.78–$1.80 zone late in the session What traders say is next? Traders are focused on $1.80 as the immediate line in the sand. If $1.80 holds, XRP could stabilize and attempt a rebound — but bulls need a reclaim of $1.87–$1.90 to signal the selloff was corrective rather than the start of a deeper move. If $1.80 fails, downside risk opens toward $1.73, with momentum likely to build as remaining support gives way. For now, XRP remains tethered to bitcoin’s direction, with technical levels — not headlines — driving the next move. More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You Dogecoin slumps 7% as bitcoin risk-off rattles memecoin bets By Shaurya Malwa , CD Analytics 8 minutes ago The token broke below key support at $0.1218 on heavy volume, turning that level into near-term resistance even after a brief bounce from around $0.115. What to know : Dogecoin fell about 7 percent as bitcoin retreated, with the memecoin underperforming larger cryptocurrencies amid a broader risk-off move. The token broke below key support at $0.1218 on heavy volume, turning that level into near-term resistance even after a brief bounce from around $0.115. Traders are watching the $0.115–$0.12 zone as a critical decision area, with a hold and reclaim of $0.1218 suggesting stabilization, and a breakdown below $0.115 opening downside toward $0.108–$0.10. 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