On January 5-6, short and long position liquidations on Binance Futures pushed XRP toward the middle of this range. A $4.4 million short liquidation on January 5 was followed by a $5.5 million long liquidation on January 6, increasing volatility. This two-phase “reset” wave highlights a market still searching for direction.

Institutional Growth: Evernorth and Doppler Finance

Institutional interest remains strong. Evernorth, supported by Ripple and SBI Holdings, partnered with Doppler Finance to explore liquidity and treasury use cases on the XRP Ledger (XRPL). This initiative is not a product launch but a strategic research phase on XRPL.

Technically, XRP trades between $2.07-$2.17 in the short term, marking critical levels. On January 8, high trading volumes defended the $2.07-$2.08 support zone, triggering a V-shaped recovery. However, resistance around $2.17 capped gains, confirming supply pressure. One-hour charts show ongoing minor drops and recoveries, indicating the market has yet to break out.

Price Action Summary

• XRP fell from $2.17 to $2.12, forming a range of approximately 4.9%.

• The high-volume drop confirmed demand at the $2.07-$2.08 zone.

• Attempts to recover near $2.17 remained limited, reinforcing short-term selling pressure.

• Recent trades fluctuated between $2.109 and $2.130.

What Investors Should Know

• If $2.07-$2.08 holds, XRP may continue to trade within this range. The first upward test is $2.17, followed by $2.20. A clear break above $2.17 could start a trend toward $2.25-$2.30.

• If $2.07 breaks, focus shifts to $2.05 and then the demand zone around $1.85-$1.90.

• The market created high leverage quickly, reducing the chance of sudden chain reactions. The next breakout is likely driven by new momentum rather than another liquidation wave. XRP fell to the daily support at $2.07; if lost, the price could test the $1.91 demand zone.

This content is for informational purposes only and does not constitute investment advice.

The post XRP Price Analysis: Critical Levels After Double-Sided Liquidation appeared first on Coin Engineer.

In its post on X, the exchange stated that any asset on the roadmap will go live only after two key conditions are met. These include securing market-making support and completing the required technical infrastructure. Once sufficient liquidity and a secure trading environment are in place, the exchange will announce the official start of trading. 

USELESS Coin Gains Strong Investor Attention 

Useless Coin was launched just three months ago. It reached an all-time high of $0.41 at the end of July. On August 13, Kraken’s listing drove a 68.42% price increase. In the past 24 hours, over 1,000 new wallets purchased the token. This shows that interest in memecoins within the Solana ecosystem is gaining momentum. 

Meanwhile, Coinbase has also added WalletConnect Token (WCT) to its listing plans. This move pushed WCT’s price up by 8.8%. On the other hand, USELESS reached a high trading volume shortly after being added to the roadmap. Investor interest, as in previous listings, directly reflected on its price performance. 

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The post Coinbase Added to Roadmap Price Increased by 45% in One Hour! appeared first on Coin Engineer.

Crypto markets are easily influenced by macroeconomic events. Today, Coinbase’s earnings report and U.S. Unemployment Claims data will be released. How might these two events impact Bitcoin and altcoin prices? 

Coinbase Earnings Report: How Is the Crypto Exchange Performing? 

Coinbase is one of the largest crypto exchanges in the U.S. Its earnings report reveals the company’s revenue and trading volume. According to Reuters, Coinbase shares dropped by 7.7% in April 2025. This reflects the volatility in the crypto market. Investors will focus on revenue from transaction fees in the report. Additionally, the impact of Trump’s trade policies on the market is a point of curiosity. A strong Coinbase report could push crypto prices upward. However, weak results may increase selling pressure. As a result, volatility is expected during the announcement. 

Unemployment Claims: An Indicator of Economic Health 

U.S. Unemployment Claims provide insight into economic health. According to posts on the X platform, the expectation is 232K, with the previous figure at 241K. If claims come in lower than expected, it signals a strong labor market. Analysts note that positive labor market data has historically supported Bitcoin prices. Conversely, higher-than-expected claims could create economic uncertainty, potentially leading to downward pressure on the crypto market. Investors will interpret this data in the context of the Fed’s interest rate policies. 

What Does This Mean for the Crypto Market? 

Both data points could directly impact the crypto market. A strong Coinbase performance may boost confidence. Similarly, low unemployment claims could increase demand for riskier assets. However, unexpected negative outcomes could trigger a sell-off. 

The crypto market carries high risk; please conduct your own research before investing. 

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The post Two Key Data That Will Impact the Crypto Market Today!  appeared first on Coin Engineer.