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XRP News Update: January 8, 2026
XRP is currently the "darling" of the early 2026 crypto market, significantly outperforming Bitcoin and Ethereum year-to-date. However, today (Jan 8) sees a slight cooling off after a massive rally earlier this week.

$XRP
1. Price Action: The "Cool Down"
* Current Price: XRP is trading around $2.12, down roughly 2-4% over the last 24 hours.
* Context: This dip follows a massive surge earlier this week where XRP hit a high of ~$2.42 (Jan 6). Traders are currently taking profits, but the token is still up roughly 25% since January 1st.
* Key Support: Bulls are defending the $2.00 - $2.03 level aggressively. As long as it stays above $2.00, the trend remains bullish.

2. ETF Drama: WisdomTree Exits
* The News: In a surprising move confirmed yesterday, WisdomTree has withdrawn its application for a Spot XRP ETF.
* Why: Reports suggest they arrived "too late to the party." With competitors like Bitwise, Canary Capital, and 21Shares already dominating the market, WisdomTree likely saw little room for a new entrant.
* Market Reaction: Initially negative, but investors quickly realized this is specific to WisdomTree, not a regulatory rejection. The existing ETFs are actually seeing record demand.
$BNB
3. Institutional "Supply Shock"
* Inflows: Despite WisdomTree's exit, the approved XRP ETFs are seeing massive inflows—approximately $100 million in the first week of 2026 alone. Total cumulative inflows have crossed $1.37 billion.
* Exchange Reserves: XRP reserves on exchanges have hit 8-year lows. This creates a "supply shock" scenario: institutions are buying heavily while available supply for sale is drying up.

4. Ripple Corporate News
* No IPO in 2026: Ripple President Monica Long confirmed this week that the company has no plans for an IPO (Initial Public Offering) in 2026.
* The Spin: While some investors wanted an IPO, Ripple frames this as a strength. They are cash-flow positive and "well-capitalized" (especially after their Nov 2025 fundraise), meaning they don't need to go public to raise money.
Summary for Traders
* Short Term: Expect volatility as the price consolidates around $2.12. The market is digesting the rapid move to $2.42.
* Long Term: The setup remains strong due to the "Supply Shock" (low supply + high ETF demand).
* Watch Level: If Bitcoin (currently struggling below $92k) drops further, it could drag XRP down to test the $1.80 support level.
$SOL

XRP has emerged as one of the strongest performers in the first week of 2026, outpacing both Bitcoin and Ethereum. After rallying to highs of roughly $2.41—its highest level since November 2025—the price has seen a modest pullback as traders lock in profits.
$BTC
Here is the breakdown of the key drivers, upcoming catalysts, and technical levels for your trading strategy.
1. Major News Drivers
* Senate Committee Vote (Jan 15 Catalyst): The primary driver of the current bullish sentiment is the upcoming Market Structure Bill markup scheduled for Thursday, January 15. Senate Banking Committee Chairman Tim Scott confirmed the vote, which investors believe will bring much-needed regulatory clarity to the US crypto market.
$BNB
* Record ETF Inflows: Institutional demand is surging. Spot XRP ETFs have recorded massive inflows (over $1.2 billion cumulative since Nov 2025). This steady buying pressure from institutions is absorbing supply, contrasting with the retail-driven volatility of previous cycles.
* Supply Shock: On-chain data indicates that XRP balances on exchanges have dropped to 8-year lows. With fewer coins available for immediate sale on exchanges, any spike in demand (like we are seeing now) is having an outsized impact on price.
$XRP
2. Price Action & Technical Analysis
* Current Status: XRP surged past $2.40 before cooling off. It is currently consolidating gains, but remains in a strong short-term uptrend.
* Bullish Case: If XRP can break and hold above the $2.45 - $2.50 resistance zone, analysts are eyeing a move toward $3.00 and potentially $3.66.
* Bearish Risks:
* Profit Taking: After a ~30% weekly rally, a retracement is normal. Key support lies around $1.80 - $2.00.
* "Death Cross" Warning: Some technical indicators suggest a looming "Death Cross" (where a short-term moving average crosses below a long-term one) on certain timeframes. This is a risk to watch if the price fails to hold the $2.00 support level.
3. Long-Term Outlook
* Standard Chartered Forecast: In a widely circulated research note, Standard Chartered has projected that XRP could reach $8.00 by the end of 2026. Their bullish thesis relies on continued regulatory clarity (post-SEC settlement) and sustained ETF inflows.
Summary for Traders
* Watch the Date: Volatility is expected to remain high leading up to the Jan 15 Senate vote.
* Key Levels:
* Resistance: $2.45, $3.00
* Support: $2.00, $1.8