XRP's price recently rebounded from the central line and tagged the 33-EMA around $1.60–$1.61 after a sharp liquidity sweep near $1.64. A technical analyst outlines scenarios where XRP could first see another liquidity grab before expanding, with potential targets near $7 or even $27 if past bull cycles repeat. XRP's setup is further shaped by Ripple's RLUSD stablecoin launch, which has surpassed $1.2 billion in under two weeks and may influence near-term volatility.

Ripple's U.S. dollar-pegged RLUSD is closing in on a $1.5 billion market cap after fresh liquidity, with total value around $1.39 billion. The RLUSD Treasury minted 28,200,000 tokens, and a January spot listing on Binance introduced pairs like RLUSD/USDT and XRP/RLUSD, pushing 24-hour volumes above $363 million.

Ethereum fell 19% over three days to trade below $2,400, exposing large unrealized losses for prominent holders. On-chain data shows major positions, including 4.24 million ETH bought near $3,854, are down roughly $6.8 billion, with other whales facing hundreds of millions. Technicals flag $2,400 as key support, with $2,700–$2,800 as near-term resistance.

In January, Polygon burned 25.7 million POL, about 0.24% of total supply, as on‑chain activity climbed. Despite a 9–10% daily bounce to about $0.11–$0.113 and a near 20% uptick in 24‑hour volume, the token remains range‑bound below mid‑2025 highs. RSI sits in the low‑40s, pointing to a relief bounce rather than a trend shift.

ParaFi Capital is committing $35 million to Jupiter, the Solana-based onchain trading and liquidity aggregator. The companies said tokens were bought at prevailing market prices with no discount, carried extended lockups, and the transaction settled entirely in JupUSD, with warrants enabling ParaFi to purchase additional tokens at higher prices. Jupiter described it as its first outside capital.

On Monday, New York Attorney General Letitia James and four district attorneys sent a letter challenging the GENIUS Act, alleging it gives stablecoin issuers legal cover and leaves fraud victims without restitution. The prosecutors say Tether and Circle each earned $1 billion in 2024 from reserve investments, and cite extensive freezes of USDT and USDC.

On February 2, Ripple highlighted fresh milestones and scrutiny. The company said it obtained full Electronic Money Institution authorization in Luxembourg after an earlier preliminary nod, while U.S. case files mentioned Ripple in an email release; XRP hovered near $1.64 and recently touched about $1.50, down 14% week‑over‑week (per CoinGecko).

On February 2, 2026, debate around XRP intensified after May 2018 messages mentioning Gary Gensler and a July 31, 2014 Blockstream email resurfaced. Posts tagged "EpsteinFiles" make influence claims, but no evidence links Epstein to SEC actions. XRP fell almost 15% to $1.62 at press time.