#XRP (Ripple) Price News Today 8-1-2026 - XRP Elliott Wave and technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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XRP is trading at approximately €1.81 (around $2.12) as of January 8, 2026, experiencing a daily decline of about 4.65%. This drop is part of a broader crypto market pullback, influenced by a decrease in institutional demand and a general "risk-off" mood among investors.
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Key Insights
-Price Movement: XRP began the year with a strong rally, gaining 31% in the first week of January, but has since retreated. It is currently down over 4% on the day and roughly 7.2% over the past 24 hours.
-Market Context: The decline is largely attributed to a wider market correction, with other major cryptocurrencies like Bitcoin and Ethereum also seeing price drops and significant ETF outflows.
-Institutional Adoption: Despite the short-term pullback, analysts remain optimistic about long-term potential due to regulatory clarity, the launch of spot XRP ETFs, and a tightening supply on exchanges, which has fallen to multi-year lows. Standard Chartered has projected XRP could reach $8 by the end of 2026, though more conservative estimates place it around $3.
-Future Outlook: The price trajectory for 2026 may be significantly impacted by the Bank of Japan's interest rate policies and the continued success of XRP ETFs in attracting institutional capital.
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