New York, Jan 14, 2026, 02:50 EST
- XRP hovered near $2.14, swinging between $2.05 and $2.18 during the most recent session.
- Traders are focused on whether the token can maintain its recent gains following volatile, sharp swings in both directions.
- A fresh U.S. Senate effort to tighten crypto rules has thrust regulation back into the spotlight of the trading scene.
XRP climbed roughly 4% to $2.14 during early New York trading on Wednesday, following a choppy session where it dropped to $2.05 before surging to $2.18.
Late Monday, U.S. senators rolled out draft legislation aimed at setting clear rules for crypto tokens and deciding which agencies would regulate parts of the market—a move the industry has been pushing for years. The bill proposes giving the Commodity Futures Trading Commission control over spot crypto markets and limits on interest paid just for holding dollar-pegged stablecoins, though some activity-based rewards would still be permitted, Reuters reported. Summer Mersinger, CEO of the Blockchain Association, flagged “relentless pressure” from big banks over the stablecoin rules, while Cody Carbone, CEO of The Digital Chamber, described the bill as “encouraging” progress. 1
Traders care because crypto prices often jump sharply at signs the U.S. might shift from case-by-case enforcement to a more defined rulebook. XRP, tied to payments-focused Ripple, usually reacts quicker than bitcoin when sentiment shifts.
A technical note from TradingView’s NewsBTC feed reported that XRP bounced off the low-$2.00 range and pierced a bearish trend line near $2.08. However, it could face hurdles breaking past resistance between $2.22 and $2.25. The note identified $2.10 as crucial support and highlighted “Fibonacci retracement” levels, which traders use to pinpoint potential bounce and pullback zones, as key resistance markers. 2
Economies.com took a more guarded stance, noting choppy trading within a short-term corrective downtrend. The site maintained a bearish outlook as long as resistance around $2.1063 holds, eyeing a downside target near $1.9793. It also highlighted the RSI, or relative strength index—a momentum indicator that signals “oversold” conditions—starting to tick upward after reaching low levels. 3
Such mixed signals are typical in crypto, where sudden liquidations can make indicators appear both “right” and “wrong” in a single day. Short-term moving averages — basic trend tools that smooth out price data — often lag during volatile market swings.
Bitcoin and ether still set the pace. When they climb, traders typically shift into smaller tokens. But if they falter, that trend can flip fast. XRP has mostly stayed caught in that risk-on/risk-off cycle.
That said, the trade could easily turn against the bulls. The Senate bill might undergo significant changes or face political hurdles, prolonging regulatory uncertainty. Plus, if XRP can’t hold the recent $2.10 floor, it risks slipping back toward the $2.00 level.
At the moment, the market is focused on two things: Washington’s upcoming moves on crypto regulation, and when XRP will finally break out — either up or down — from its tight, closely monitored range.
