In accordance with Bijiie, XRP is trading near $1.87, holding a short-term support level but remains within a broader downtrend. The market is in consolidation and digestion, with no strong upward momentum. The upcoming custodial unlock on January 1 and regulatory developments are increasing volatility risk near key price levels. XRP remains in a descending channel since October's high, with each rebound failing to break the upper trendline. The price is currently stabilizing near a rising support trendline at $1.85–$1.87, but repeated tests have not triggered a significant rebound. On the 1-hour chart, XRP is in a narrow consolidation range between $1.84 and $1.90, with RSI above 50 and MACD showing slight positive momentum. Ripple plans to unlock $1 billion in XRP from custodial accounts on January 1, the first unlock of 2026. Historically, only 20–40% of unlocked XRP enters circulation, with most being re-locked. The CLARITY Act, set to take effect in January, will provide clearer regulatory guidelines for digital assets, including XRP. The asset is currently caught between regulatory clarity and short-term supply pressures.
XRP Price Hovers Near Support Amid Downward Trend and Upcoming Custodial Unlock
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Summary
XRP is holding near the $1.87 support level but remains in a downtrend, with consolidation ongoing and no clear upward push. The fear and greed index shows market sentiment is mixed as traders watch key price levels. A custodial unlock on January 1 and the CLARITY Act in the same month could raise volatility. XRP is in a descending channel, with rebounds failing to break the upper trendline. On the 1-hour chart, it’s in a tight range between $1.84 and $1.90, with RSI above 50 and slight positive MACD. Ripple is unlocking $1 billion in XRP, though only 20–40% typically enters the market. Regulatory clarity and short-term supply pressures remain in balance.
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