On January 7, 2026, Ripple’s Reece Merrick confirmed XRP’s legal status as a non-security digital asset, following recent U.S. court rulings on its regulation. XRP dropped nearly 7% on Monday after reaching a weekend high of $2.41, now trading below the Bollinger Bands midline at $2.4254, indicating difficulty in maintaining upward momentum.
XRP saw over $4.4 million in liquidations on Binance in 48 hours, mainly affecting short positions, with $3.09 million lost as the price surged. These regulatory and price dynamics highlight ongoing uncertainty in XRP’s classification and its impact on liquidity and volatility in the broader crypto market.
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