XRP is further away from BNB in terms of market capitalization.
Furthermore, the token fell to its lowest price since the beginning of the year at $1.84, before recouping some of the losses to the current $1.97. This means assets have been dumped by more than 23% since the January 6 high of $2.41.
Naturally, the most likely reason for this price disaster seems to be related to the growing geopolitical tension between the US and the European Union. As explained this weekend, eight EU countries sent troops to Greenland on a reconnaissance mission after US President Trump reaffirmed the importance of his country buying the island.
The POTUS responded with a new set of tariffs on countries that sent military personnel, while the EU held an emergency meeting and French President Emmanuel Macron urged the bloc to use its “trade bazooka,” which has never been used before.
Crypto markets were flat all weekend as most of these developments unfolded, but headed sharply south on Monday morning as the Asian and some futures markets opened. BTC fell from over $95,000 to under $92,000 before recovering some ground.
Most altcoins were hit harder, and that includes XRP. CryptoWZRD warned that Ripple’s token closed bearish against BTC, following the market’s decline due to the rate effects. The analyst warned that XRP needs to remain above $1,975 “to gain further upside momentum,” which is exactly the area the token is now testing.
XRP Daily Technical Outlook:$XRP closed bearishly alongside XRPBTC, following Bitcoin’s last-minute fall due to rate effects. I will keep an eye on the intraday chart for the next scalp opportunity. The price needs to stay above $1.9750 to gain further upside momentum 🤔 pic.twitter.com/59OUkWdiVB
— CRYPTOWZRD (@cryptoWZRD_) January 19, 2026
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