New York, January 23, 2026, 13:50 (ET) — Regular session
- XRP hovered near $1.95, gaining roughly 1% in the last 24 hours.
- Binance has broadened its Ripple USD (RLUSD) offerings, introducing additional services following the launch of an XRP/RLUSD trading pair.
- Next week’s Fed meeting is the key risk event traders have on their radar.
XRP changed hands near $1.95 on Friday, climbing 1.32% in the last 24 hours, according to Binance data. Prices fluctuated between $1.8886 and $1.9591 during that stretch. Trading volume hit roughly $2.25 billion, while the token slipped 4.74% over the past week. (Binance)
Focus has turned to Ripple USD (RLUSD), the dollar-pegged stablecoin tied to Ripple’s network, after Binance added RLUSD trading pairs against USDT, U, and XRP. The exchange also rolled out a zero-fee promotion on select RLUSD pairs, per a post on its Academy site. Stablecoins aim to maintain a stable value—usually near $1—and compete in a space led by Tether’s USDT and Circle’s USDC. (Binance)
That push is key as wealth managers figure out just how much crypto exposure clients want—and how “clean” it should be. UBS is picking partners to let some Swiss private banking clients trade bitcoin and ether. A UBS spokesperson said the bank “actively monitor[s] developments” and is weighing “robust risk controls.” (Reuters)
Binance announced it will integrate RLUSD into its Earn, Convert, and VIP Loan services, making the token borrowable on margin. Starting Friday at 10:00 UTC, RLUSD/USDT trading will be open on cross, isolated, and portfolio margin. The exchange cautioned investors about the volatility of new listings and recommended “stringent risk management strategies.” (Binance)
Bitcoin climbed roughly 1.2% to $90,549, with ether rising close to 1.3% to $2,987, supporting a steadier tone across the crypto market.
In the cross-asset landscape, investors took a “wait-and-see approach” ahead of a busy week loaded with data, earnings reports, and the Federal Reserve meeting. “There’s really no big drivers today,” noted Gene Goldman, chief investment officer at Cetera Investment Management. (Reuters)
Crypto infrastructure also drew strong interest. Custody firm BitGo soared to a $2.59 billion valuation after its stock jumped 24.6% above the offer price in its New York debut Thursday, Reuters reported. Investors eagerly grabbed shares in what’s set to be 2026’s first crypto IPO. Lukas Muehlbauer, an IPOX research associate, labeled it “the first major bellwether” signaling demand for crypto listings this year. (Reuters)
XRP, built for the XRP Ledger, is deeply linked to Ripple’s push to market payment and custody solutions to institutions. Traders often view developments in custody, exchange access, or dollar-based settlement tools as hints at real-world adoption, even if price moves remain modest.
But the setup works in reverse, too. Stablecoin adoption moves slowly, regulators remain unpredictable, and crypto can tank quickly whenever talk of “higher for longer” interest rates resurfaces or liquidity dries up.
The Fed’s policy meeting on Jan. 27-28 is next, with the potential to shift risk asset sentiment if officials signal a change in the rate outlook. XRP traders will watch closely for updates on RLUSD support and any sign that more institutions are moving beyond pilot programs into full production. (Federalreserve)
