The U.S. budget is in a tight spot, and panic has already taken a toll on our wallets, leaving XRP struggling not to lose balance at $1.86. 📉 It's no coincidence, family: when Washington sneezes, the crypto market catches a cold, and this time the fiscal "flu" triggered a massive liquidation of $652 million in just 24 hours.
XRP is experiencing a moment of high tension. Although it dropped by 1.76%, what really worries is that it has already accumulated a loss of 5.14% for the week. What is really going on? First, we have the fear of the U.S. government shutdown on January 31. When there is political uncertainty, big players pull their money out of volatile assets to take refuge, and that dragged XRP down along with the entire market. It's pure risk aversion psychology: no one wants to be exposed if the world's economic engine shuts down for a few days. 🏛️⚠️
If we look at the charts, the technical situation is "look but don't touch". XRP is trading below its key 7 and 30-day averages (which are at $1.92 and $2.02). In simple Spanish: the price lacks the strength to rise. The RSI (which measures if something is very expensive or very cheap) is at 35.98. It has not reached the "bargain" level yet, but it tells us that people are still selling more than they are buying. Until we recover the area of $1.92, the upward path is blocked by a wall of sell orders. 🧱
But be careful, not everything is drama. While the price is falling, big things are being cooked under the table. XRP has just closed a partnership with DXC Technology to inject blockchain technology directly into the veins of global banking. 🏦 Globally, institutions know that XRP is useful, but in the short term, sentiment rules. We saw it on January 7: for the first time in over a month, XRP ETFs had an outflow of $40.8 million. Big investors are taking profits or moving their capital elsewhere while the political storm in Washington passes. ⛈️💸
We are in a critical support zone. If XRP holds at $1.81, we could see an interesting rebound when the noise in the U.S. calms down. However, if that level breaks, prepare to look for offers lower down. The big question is: Are we facing a necessary correction to clean the market, or is this the beginning of a deeper decline due to institutional instability? Keep an eye on the legislative calendar and the other on the charts, because this week will decide the course of the coming months. 🧐🚀 $XRP
