XRP (CRYPTO: XRP) is trading below the key psychological $2 level, down about 4% over the past week, as open interest falls to its lowest level since December 2025.

Trader Notes: Crypto Tony says XRP is sitting at a pivotal area. A reclaim of $1.89 would signal strength and offer a clean long setup toward higher targets.

Cryptoinsightuk notes XRP has revisited the prior breakdown level, which looks bearish on the surface, but price is still closing within the major support zone. Structurally, nothing has changed.

Some short-term liquidity below could still be swept, but on higher timeframes the bullish setup remains intact, with a minimum target near $4.20 and a broader cycle target of $8–12.

Elliott Wave analyst XForceGlobal adds XRP is approaching a key inflection point, with strong support expected in the $1.40–$1.50 range. Holding that zone could set up a larger move toward $5+ as the structure shifts from impulse to a flat consolidation.

Statistics: Coinglass data shows XRP open interest has dropped to $3.26 billion, the lowest since Dec. 31, 2025.

As of Jan. 23, U.S. XRP spot ETFs recorded $3.43 million in daily net inflows.

Community News: Ripple's Middle East and Africa MD Reece Merrick announced a major partnership with Jeel, the innovation arm of Riyad Bank, supporting Saudi Arabia's Vision 2030. The collaboration will explore cross-border payments, digital asset custody, and tokenization.

CryptosRus also reported that Japan plans to recognize XRP as a regulated financial asset under the Financial Instruments and Exchange Act by Q2.

This would reclassify XRP as an investment product, improving regulatory clarity, investor protection, and institutional access, while positioning the XRP Ledger as core infrastructure for Japan's tokenized economy.

Image: Shutterstock