XRP’s continuous price trading in a tight range between $1.89 to $1.94 this Wednesday has mirrored the broader market sentiment, which remains mixed as Bitcoin (BTC) reclaimed $90K. For XRP, the hourly time-frame is pivotal: the popular remittance altcoin is trading roughly four cents above the breakout & backtest formation.
The area around $1.88, claimed as an intra-day high, was crucial for XRP’s upswing towards $1.93, but the daily gains remain micro-sized. XRP’s bulls won’t be able to clear the territory until XRP’s price breaks $2, a crucial psychological threshold unclaimed since January 18, 2026, according to CoinGecko’s price aggregator.
XRP’s Bulls Are Two Cents Away From Dominance
The OG altcoin’s price is now just two cents below the red-label Bollinger Band (BOLL), a key sign of a price trend reversal after last weekend’s multi-billion dollar blow-out. Something that would stop XRP’s bulls? Not really the case. Futures markets display a skyrocketing long versus short ratio among Binance customers, hitting 3.16.
This suggests that upward XRP price plays outscore the short-sellers beyond three times, even though XRP coin is yet to reclaim the red-label BOLL band. However, XRP’s bulls are still soaking up higher deficits on leveraged markets, accounting for $1 million in liquidated leveraged plays on XRP’s price in contrast to the $851K lost by short-sellers.
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A breakout & backtest on the hourly chart: XRP broke above a downward-sloping trend-line, then successfully retested it as support around $1.88–$1.90.
Around $1.88–$1.93 (as of January 28, 2026), stabilizing in a narrow range after the retest.
The 1h Coinbase chart shows a descending trendline (white line) that XRP broke and back-tested.
The backtest success shows strong buyer defense—sellers failed to push below the reclaimed trend-line.
Primarily short-term/intraday focus (hourly chart), but if $2 reclaims, it could build momentum for higher targets.
