XRP price extended losses and traded below $1.80. The price is now 
consolidating and might decline further if it remains below $1.8250. XRP price 
started a fresh decline below the $1.80 zone. The price is now trading below 
$1.80 and the 100-hourly Simple Moving Average. There is a key bearish trend 
line forming with resistance at $1.8050 on the hourly chart of the XRP/USD 
pair (data source from Kraken). The pair could continue to move down if it 
stays below $1.8250. XRP Price Nosedives XRP price failed to stay above $1.90 
and started a fresh decline, like Bitcoin and Ethereum. The price declined 
below $1.850 and $1.8250 to enter a short-term bearish zone. The price even 
spiked below $1.750. A low was formed at $1.710, and the price is now 
consolidating losses. There was a recovery wave above $1.740. The price is 
approaching the 23.6% Fib retracement level of the downward move from the 
$1.938 swing high to the $1.710 low. The price is now trading below $1.80 and 
the 100-hourly Simple Moving Average. If there is a fresh upward move, the 
price might face resistance near the $1.7650 level. The first major resistance 
is near the $1.80 level. There is also a key bearish trend line forming with 
resistance at $1.8050 on the hourly chart of the XRP/USD pair. A close above 
$1.80 could send the price to $1.8250 or the 50% Fib retracement level of the 
downward move from the $1.938 swing high to the $1.710 low. The next hurdle 
sits at $1.850. A clear move above the $1.850 resistance might send the price 
toward the $1.880 resistance. Any more gains might send the price toward the 
$1.920 resistance. The next major hurdle for the bulls might be near $1.950. 
Another Decline? If XRP fails to clear the $1.80 resistance zone, it could 
start a fresh decline. Initial support on the downside is near the $1.740 
level. The next major support is near the $1.720 level. If there is a downside 
break and a close below the $1.720 level, the price might continue to decline 
toward $1.70. The next major support sits near the $1.6720 zone, below which 
the price could continue lower toward $1.650. Technical Indicators Hourly MACD 
– The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $1.740 and $1.720. Major Resistance Levels – $1.7650 
and $1.80.

XRP Price Breakdown Accelerates — Can Support Absorb The Shock?

Warsh&#8217;s potential appointment could signal a shift in monetary policy 
direction, impacting financial markets and economic strategies globally.
The post Kevin Warsh&#8217;s odds to become Fed chair surge to 92% after Trump hints 
at familiar pick appeared first on Crypto Briefing.

Kevin Warsh’s odds to become Fed chair surge to 92% after Trump hints at familiar pick

The U.S. Senate Agriculture Committee voted 12–11 on Thursday, Jan 29 to 
advance its version of the CLARITY Act, pushing a major crypto market 
structure bill one step further through Congress. The Digital Commodity 
Intermediaries Act cleared the committee along…

U.S. Senate Agriculture Committee advances CLARITY Act in party-line vote

While The DAO has an “incredible” team that could build security projects 
themselves, they would rather focus on security distribution methods, says 
Griff Green.

Unclaimed Ethereum from The DAO hack to fund new security initiative: Griff Green

Ethereum has slipped below the $3,000 level, extending a period of fragile 
price action as the broader crypto market remains cautious. While spot prices 
continue to struggle with overhead resistance, on-chain data points to a 
notable divergence between market sentiment and long-term positioning. 
According to data from Arkham, Bitmine has staked an additional 250,912 
ETH—worth roughly $745 million—over the past 18 hours, adding to an already 
substantial locked position. Related Reading: Ethereum Leverage Remains At 
Record High: What Happens Next? This move brings renewed attention to the 
behavior of large, well-capitalized players during periods of price weakness. 
Staking activity of this magnitude suggests that some participants are 
prioritizing yield generation and long-term exposure over short-term price 
fluctuations. Rather than distributing holdings into market rallies, these 
entities are choosing to remove supply from circulation, tightening liquid 
availability while accepting reduced flexibility. The contrast is notable. 
Ethereum’s price is trading below a key psychological threshold, yet capital 
continues to flow into staking contracts at scale. This dynamic highlights the 
growing structural role of Ethereum’s proof-of-stake model, where investment 
decisions are increasingly driven by network participation and cash-flow–like 
returns, not only price appreciation. As Ethereum consolidates below $3,000, 
the key question is whether sustained staking demand can offset weak spot 
momentum, or if price will need to stabilize further before confidence returns 
across the broader market. Large-Scale Staking Tightens Liquid Ethereum Supply 
According to data from Arkham, Bitmine has now staked a total of 2,582,963 
ETH, valued at approximately $7.67 billion. This represents about 61% of its 
total Ethereum holdings, a level that underscores how aggressively large 
holders are committing capital to long-term network participation rather than 
maintaining liquid exposure. This behavior is particularly notable given the 
current market context. Ethereum remains below the $3,000 level, volatility is 
elevated, and leverage metrics suggest fragile positioning among short-term 
traders. Despite this, Bitmine’s decision to stake a majority of its ETH 
indicates a clear preference for yield generation and balance-sheet efficiency 
over tactical trading. Staking effectively removes ETH from active 
circulation, tightening the available supply and capping sell-side pressure 
from these large wallets. At the same time, Ethereum balances held on 
exchanges have continued to trend lower, reinforcing the picture of 
constrained liquid supply. While declining exchange balances do not guarantee 
upward price movement, they do suggest that fewer coins are readily available 
to meet sudden sell demand. In this environment, price action becomes more 
sensitive to marginal flows, particularly during periods of stress or renewed 
demand. The combination of large-scale staking and shrinking exchange reserves 
points to a market where long-term holders are locking in exposure. Even as 
short-term sentiment remains cautious. Whether this structural tightening of 
supply translates into price support will depend on broader risk conditions 
and the return of sustained spot demand. Related Reading: OKX Launches Crypto 
Payment Card Across the European Economic Area ETH Consolidates Below Key 
Moving Averages Ethereum’s price action reflects a market caught between 
weakening momentum and an attempt to stabilize after a prolonged correction. 
On the daily chart, ETH is trading near the $2,900–$3,000 zone, a level that 
has acted as both psychological support and a pivot area in recent weeks. The 
rejection from higher levels earlier in the quarter confirmed a clear sequence 
of lower highs, keeping the broader structure tilted to the downside. From a 
trend perspective, ETH remains below its key moving averages. The 50-day 
average has rolled over and sits above the price. Reinforcing short-term 
bearish pressure, while the 100-day average continues to slope downward. 
Acting as dynamic resistance near the $3,200–$3,300 area. The 200-day moving 
average is still rising but flattening. Is positioned higher and signals that 
long-term trend support has not yet been reclaimed. Until ETH can close 
decisively above the 50- and 100-day averages, upside attempts are likely to 
remain corrective rather than impulsive. Related Reading: Bitcoin Derivatives 
Pressure Hits 30-Day Extreme, Price Refuses To Break Volume dynamics add 
context to this consolidation. Selling pressure during the latest pullback was 
notable but not extreme, suggesting distribution rather than panic. Since 
then, volume has contracted, consistent with a market entering a compression 
phase. This points to indecision rather than aggressive accumulation. Overall, 
ETH is consolidating below major resistance while holding a fragile support 
band near $2,800–$2,900. A sustained loss of this zone would expose downside 
risk. While any recovery requires a reclaim of key moving averages to shift 
the structure toward stabilization. Featured image from ChatGPT, chart from 
TradingView.com

Cryptocurrency price in DKK