XRP payments reached 1.346 million over the past 24 hours, with total transactions climbing to 2.57 million, signaling a notable rise in network usage. While price action remains near key support and looks heavy, on-chain activity has been making higher highs and diverging positively from the chart. This pattern has often appeared during continuation phases, suggesting the ongoing XRP rally may still have room to extend.

On Jan. 20, spot ETFs tied to Bitcoin, Ethereum, XRP and Solana recorded a combined net outflow of about $766 million, according to SoSoValue. Bitcoin led redemptions with $483 million and Ethereum saw $230 million, while XRP funds shed $53. 32 million. Solana was the outlier, posting a $3.08 million net inflow.

Bitcoin is holding a critical support area near $90,000 as risk appetite weakens, according to a market review. Shiba Inu dropped below its 50 EMA, turning a former base into resistance. XRP is attempting to stabilize within the $1.90–$2.00 zone, where a decisive break could open the door to deeper retracement.

Two large Ethereum wallets opened opposing leveraged positions within hours: a 4x short on about 3,840 ETH with a $3 million USDC deposit (worth approximately $11.86 million), and a 12x long on 10,000 ETH funded by 7.38 million USDC (valued near $30.92 million). ETH remains below the 200 EMA, and volatility risk is elevated.

After a calm weekend, liquidity stayed thin and volatility subdued across majors. XRP's trading participation fell toward zero while price drifted under the 100/200 EMA. SHIB compressed near short‑term support with few obstacles overhead. Bitcoin's attempts higher lacked volume, facing repeated rejection near key daily moving averages.

Ethereum is trading at a technically important zone where the 20- and 21-week EMAs, described as a bull market support band, are now interacting with price. ETH has shifted from sharp selling to a controlled recovery with higher lows, but still needs a decisive breakout above the $3,300–$3,400 resistance area to confirm a sustained bull phase.

As weekend trading approaches, Bitcoin's recent ascent has stalled beneath its 100 and 200 EMAs, suggesting a possible fakeout within a broader corrective phase. Shiba Inu is challenging its 100-day EMA for the third time after a prolonged decline, while XRP continues to form a third local wave inside a downward channel with moving averages acting as resistance.

In the last 24 hours, the XRP Ledger has processed about 562 million XRP in payment volume, a level described as noticeably below activity seen in earlier growth phases. While the number of transactions remains high and XRP-linked ETFs continue to record inflows, the value per payment has fallen and large players appear cautious, leaving price action trapped below key moving averages and moving sideways in a fragile, neutral structure.

Shiba Inu's price is consolidating after a rejection near $0.000009, with the token holding around the 26 EMA and pulling back in a controlled fashion. Momentum has cooled rather than broken, and price is compressing between overhead resistance near the 50–100 EMA cluster and support at the 26 EMA, increasing the odds of a directional move.