Analyst warns XRP could drop to $1.14 before rally; Ripple secures UK EMI license and expands BNY tie-up as execs tout 2026

first published 2026-01-09T23:59:00Z

XRP dropped to $2.09 (about 15% below its YTD high of $2.4153) after four days of declines. Stablecoin supply on the XRP Ledger rose 33% week-over-week to $406M, driven by Ripple USD (RLUSD) which grew 42% in 30 days to $332M. Technical indicators are constructive (price above the 50‑day EMA, Supertrend signal, and a falling‑wedge breakout), pointing to a likely near-term rebound to retest $2.4153 and a possible $3 target if momentum continues. XRP ETFs recorded modest inflows ($8.7M on Thursday) with total ETF inflows at $1.21B and net assets at $1.49B.

AI Analysis

Stablecoin supply on the XRP Ledger surpassed $406M after a 33% week-over-week rise, led by RLUSD rising 42% in 30 days to $332M; technicals are constructive (price above the 50-day EMA, Supertrend, falling-wedge breakout); XRP recently fell to $2.09 from a YTD high of $2.4153 but ETF flows showed modest inflows ($8.7M on Thursday, $1.21B total inflows, $1.49B net assets). These are concrete on‑chain and flow metrics combined with supportive technicals that point to near-term bullish potential.

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