At 11:17 a.m. on Jan. 31, XRP is trading at $1.616, extending losses after another sharp hourly selloff pushed price to fresh intraday lows. The move lower follows a steady deterioration in structure over the past several sessions, with bearish momentum accelerating as XRP slid decisively beneath prior support zones. Sellers remain firmly in control, and the lack of meaningful rebound attempts underscores the fragile near-term tone.

From a short-term price action perspective, XRP has continued to unwind after failing to hold rebounds near the $1.74–$1.75 area, where the 50-period moving average has been trending lower. Earlier resistance near $1.86–$1.88 also capped upside attempts before the broader breakdown took hold. As support at $1.70 and then $1.65 gave way, downside momentum intensified, driving price toward the lower $1.60s. Volume expanded during the strongest red candles, signaling active participation as the market pushed lower rather than a gradual drift.

XRP/USD 1-hour chart via Bitstamp on Jan. 31, 2026.

The broader market backdrop remains dominated by high-stakes uncertainty as a steady flow of weekend news shapes expectations for the week ahead. The U.S. officially entered a partial government shutdown at midnight after Congress failed to pass multiple spending bills, with the House of Representatives in recess until Monday. As a result, federal agencies began furloughing non-essential staff, reinforcing concerns about domestic political dysfunction. This environment has encouraged a defensive posture across global markets, with capital favoring cash and the U.S. dollar over risk-oriented assets.

Adding to the caution, new economic data from China showed its official Manufacturing PMI falling to 49.3 in January from 50.1 in December, signaling contraction and underscoring ongoing challenges in the world’s second-largest economy. Geopolitical tensions have also intensified after President Donald Trump reportedly indicated the existence of a private deadline for Iran to reach a new nuclear agreement, while military forces in the region remain on elevated alert. At the same time, markets continue to digest the nomination of Kevin Warsh to lead the Federal Reserve, a move widely viewed as hawkish and supportive of a stronger dollar. Together, these developments have kept volatility elevated and suppressed risk appetite across global asset classes.

Read more: XRP Millionaire Wallets Are Growing — Whales Are Accumulating

Technical indicators reflect a deeply weakened short-term condition. The Relative Strength Index ( RSI) has dropped to around 18.2, placing momentum firmly in oversold territory and highlighting the intensity of the recent selloff. The Moving Average Convergence Divergence ( MACD) remains decisively bearish, with the MACD line near -0.031 and the signal line around -0.023, keeping the histogram negative and expanding on the downside. From a Moving Average (MA) perspective, XRP is trading well below the 50-period simple moving average near $1.74 and the 200-period simple moving average around $1.86, reinforcing the dominant bearish trend. Bollinger Bands remain wide, with the lower band near $1.63 and price pressing beneath it, a configuration that reflects elevated volatility and sustained downside pressure.

Unless XRP can stabilize and reclaim the $1.63–$1.65 area, the technical bias remains tilted toward further downside risk. While the oversold RSI suggests conditions are stretched, any rebound attempt would likely face immediate resistance near the falling short-term moving averages. Without a meaningful improvement in momentum, rallies may continue to be sold into rather than develop into a sustained recovery.

• Why is XRP underperforming amid the broader market environment?
  XRP is facing sustained selling pressure as a global risk-off tone, political uncertainty, and macroeconomic stress have reduced investor appetite for higher-risk digital assets.
• What does the current downtrend signal for short-term XRP investors?
  The ongoing pattern of lower highs and lower lows suggests bearish momentum remains dominant, signaling caution for investors looking for near-term stabilization.
• How are technical indicators shaping investor sentiment around XRP?
  Bearish readings across momentum and trend indicators reinforce a weak near-term outlook, indicating sellers still control market direction.
• What broader macro factors are influencing XRP’s downside risk?
  Rising geopolitical tensions, a stronger U.S. dollar outlook, slowing global growth signals, and U.S. political gridlock are collectively weighing on risk assets like XRP.

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