XRP (XRP) has fallen below the key $1.90 support level, trading around $1.89 as of January 26, 2026. The decline of approximately 4% over the past week comes despite Ripple announcing a significant partnership with DXC Technology. The primary driver of the price pressure appears to be broader market anxiety ahead of the Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for January 27-28.
Market data shows XRP trading in a wide intraday range between $1.82 and $1.94, with spot volume near $3.2 billion. The token maintains a market capitalization of approximately $115 billion, securing its position as the fifth-largest cryptocurrency. Analysts attribute the selling pressure to uncertainty surrounding U.S. monetary policy, with expectations for the Fed to hold interest rates steady in the 3.50%-3.75% range. This macro uncertainty is overshadowing positive fundamental news for XRP.
Ripple's partnership with DXC Technology represents a major adoption milestone. DXC will integrate Ripple's custody and payments tools, including XRP and the RLUSD stablecoin, into its Hogan core banking system. This system serves over 300 million accounts and handles more than $5 trillion in deposits, potentially significantly expanding XRP's utility in traditional finance.
Technical analysis presents a mixed picture. Some analysts point to a bearish setup where a rejection from the $1.90 resistance could lead to a further drop toward $1.60. The broader Fear and Greed Index has soured, dropping sharply from 54 on January 14 to 29. However, other chartists compare XRP's current structure—characterized by higher highs and higher lows—to historical Nasdaq uptrends, suggesting the price may be coiling for a potential upward breakout if it holds its key support structure.
