XRP sits at a crossroads. Trading around the $1.6 area after a steep run 
higher and a later pullback, the token now rests on a weekly support band that 
traders are watching closely. According to crypto analyst Scott Melker, this 
is one of the cleaner risk/reward setups in crypto right now — a small stop 
can limit losses while a bounce could offer meaningful gains. Related Reading: 
Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up Support Zone Holds 
The Key Based on reports, the zone around $1.55 to $1.60 is important. It 
lines up with the midpoint of the breakout that began in November 2024 and has 
acted as resistance before flipping to support. When price briefly dipped 
toward $1.50 and then closed January above the $1.60 mark, some traders read 
that as a liquidity sweep that cleared short orders. That kind of action can 
presage either a bounce or a deeper move, depending on whether fresh buying 
shows up. What History Shows XRP moved sideways in 2023 and much of 2024 
before breaking out from roughly $0.50 to $0.60 in November 2024. A fast 
advance followed, carrying price toward the $2.00 area and then higher into 
the $3.66 peak in July 2025. $XRP Crazy chart. Trading exactly at the last 
meaningful support on the chart before a huge air pocket. For traders, this is 
about the best risk/reward you get on an asset. Easy to cut loose with a small 
loss if support fails. pic.twitter.com/wySapwsnT0 — The Wolf Of All Streets 
(@scottmelker) January 31, 2026 Those gains set a higher structure, but they 
also left large pockets of profit taking above current levels. Reports say 
that repeated failed attempts above $3.50 marked weakening demand, which 
helped trigger the current drop back to the $1.6 region. Tight Downside, Open 
Upside According to Scott Melker, a.k.a. &#8220;Wolf of All Streets&#8221;, traders can 
manage risk with a stop between $1.45 and $1.50. That makes the downside 
measured. On the flip side, a recovery would likely test $2.00 first, then run 
into supply around $2.50–$2.60, before facing heavier resistance near $3.00 
and the old highs. That path is straightforward on paper, but market context 
changes outcomes. Volume confirmation is absent from many of the bullish 
takes; a support hold without visible buying on the tape is fragile. Broader 
liquidity in US markets and risk appetite for crypto will also play a major 
role in whether the bounce can sustain itself. Related Reading: Crypto Hacks 
Explode: $370 Million Stolen In January Alone: Researchers XRP’s Sweet Spot: 
Small Risk, Big Upside For Melker, setups like XRP’s current level are rare in 
crypto right now — a defined support, a tight stop, and clear upside targets 
create a scenario where the potential reward outweighs the risk. He emphasizes 
that traders don’t need to predict every twist in the market; instead, 
focusing on trades with controlled losses and meaningful gains can be the 
difference between surviving and thriving in volatile conditions. In XRP’s 
case, the near-term risk is small relative to the possible rebound, making it 
a setup many are watching closely. Featured image from Unsplash, chart from 
TradingView

XRP Tops All Assets On Risk/Reward, Analyst Says

Bitcoin price edged higher on Feb. 3 after days of heavy selling, as pressure 
from forced liquidations faded and fresh capital returned to U.S. spot Bitcoin 
exchange-traded funds. Bitcoin was trading at $78,659 at the time of writing, 
up 3.8%…

Bitcoin price eyes rebound from oversold RSI as spot BTC ETFs see inflows for first time in 5 days

IG Group has finalized its acquisition of Independent Reserve, one of 
Australia’s leading regulated cryptocurrency exchanges, marking a major 
expansion into digital assets across the Asia-Pacific and Middle East. 
Regulatory Approval and Legacy IG Group has officially completed its 
acquisition of Independent Reserve, one of Australia’s leading cryptocurrency 
exchanges, marking a significant expansion into digital […]

IG Group Completes Purchase of Independent Reserve Following Singapore Regulatory Approval

The partnership could revolutionize telecom operations in Europe, enhancing 
efficiency and customer experience while opening new revenue streams.
The post Google Cloud teams up with telecom giant Liberty Global to deploy 
Gemini AI across Europe appeared first on Crypto Briefing.

Google Cloud teams up with telecom giant Liberty Global to deploy Gemini AI across Europe

Solana failed to settle above $112 and extended losses. SOL price is now 
recovering above $102 but faces many hurdles near $108 and $110. SOL price 
started a decent recovery wave above $100 and $102 against the US Dollar. The 
price is now trading below $110 and the 100-hourly simple moving average. 
There is a key bearish trend line forming with resistance at $108 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
continue to move up if it clears $108 and $110. Solana Price Faces Resistance 
Solana price remained stable and started a decent recovery wave from $95, like 
Bitcoin and Ethereum. SOL was able to climb above the $100 level. There was a 
move above the 23.6% Fib retracement level of the downward move from the $119 
swing high to the $95.81 low. However, the bears are active below $110. There 
is also a key bearish trend line forming with resistance at $108 on the hourly 
chart of the SOL/USD pair. Solana is now trading below $105 and the 100-hourly 
simple moving average. On the upside, immediate resistance is near the $108 
level, the trend line, and the 50% Fib retracement level of the downward move 
from the $119 swing high to the $95.81 low. The next major resistance is near 
the $110 level. The main resistance could be $115. A successful close above 
the $115 resistance zone could set the pace for another steady increase. The 
next key resistance is $122. Any more gains might send the price toward the 
$125 level. Another Decline In SOL? If SOL fails to rise above the $108 
resistance, it could continue to move down. Initial support on the downside is 
near the $101 zone. The first major support is near the $95 level. A break 
below the $95 level might send the price toward the $88 support zone. If there 
is a close below the $88 support, the price could decline toward the $80 zone 
in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is 
gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – 
The RSI for SOL/USD is above the 50 level. Major Support Levels – $101 and 
$95. Major Resistance Levels – $108 and $115.

Cryptocurrency price in CLP