Daily Crypto Signals: Bitcoin Battles $90,000 Resistance, XRP Tests $1.90
The cryptocurrency market faced renewed pressure this week as Bitcoin struggled to maintain gains above $90,000 following significant
Quick overview
- The cryptocurrency market is under pressure, with Bitcoin struggling to maintain gains above $90,000 amid significant exchange inflows.
- Coinbase has announced the formation of a quantum computing advisory board to explore the impact of quantum technology on blockchain security.
- XRP has managed to hold support near $1.90 despite declining retail sentiment, with analysts suggesting a potential positive breakout in the coming months.
- Legislative progress on key U.S. crypto regulations is likely to be delayed as the Senate shifts focus to other priorities.
The cryptocurrency market faced renewed pressure this week as Bitcoin BTC/USD struggled to maintain gains above $90,000 following significant exchange inflows, while XRP XRP/USD held support near $1.90 amid deteriorating retail sentiment. Meanwhile, Coinbase launched a quantum computing advisory board and key U.S. crypto legislation faces potential delays as Senate priorities shift toward President Trump’s affordability agenda.
Crypto Market Developments
Since early January, the overall market value of the cryptocurrency market has dropped by about $200 billion. This has made investors nervous since geopolitical considerations and a lower appetite for risk are putting pressure on digital asset prices. In this context, important changes in the industry continued to happen, with big effects on the sector’s long-term infrastructure and regulatory framework.
Coinbase said it would set up an independent advisory board made up of specialists in quantum computing, cryptography, distributed systems, and blockchain security from top institutions and the Ethereum ETH/USD ecosystem. The board will look into how improvements in quantum computing can influence the cryptography that protects key blockchain networks like Bitcoin and Ethereum. The advisory board is expected to release its first position paper in early 2027. It will work separately from Coinbase management and give public advice to developers, organizations, and users while also doing independent research on important developments in quantum technology.
Circle CEO Jeremy Allaire vehemently denied worries that interest payments on stablecoins could cause bank runs at the World Economic Forum in Davos. He called these ideas “totally absurd.” Allaire alluded to government money market funds as a historical example that faced similar concerns but expanded to almost $11 trillion without hurting bank deposits or monetary policy. He stressed that lending is already moving away from traditional banks and toward private credit and capital markets. A lot of the growth in the U.S. economy comes from capital-market debt instead of bank loans.
But Bloomberg reported that the Senate Banking Committee is expected to put off moving the CLARITY Act forward until late February or March, making the legislative prognosis for regulating the structure of the crypto market less clear. The committee is now focusing on carrying out President Trump’s executive order that stops Wall Street investors from buying single-family homes. This is another delay for a bill that will set rules for how authorities will keep an eye on the crypto industry. Earlier delays were due to committees trying to get support from both parties. The Republicans on the Senate Agriculture Committee put out a draft measure before the scheduled markup, but the Democrats on the panel don’t support it.
Bitcoin Consolidates Around $90,000
Bitcoin’s attempt to rise beyond $90,000 failed when cryptocurrency exchanges saw an unprecedented influx of 16,653 BTC on Tuesday and Wednesday. On Tuesday, there were 9,867 BTC, and on Wednesday, there were 6,786 BTC. This is a big difference from the usual daily netflow range of minus 2,000 to positive 2,000 BTC in January. Axel Adler Jr., a Bitcoin researcher, said the pattern was unusual and comparable to market tops that happened in July and August 2025. This made others worry that the current sell-off could get worse.
Even though the exchange flow is pessimistic, a few signs point to Bitcoin’s spot market stabilizing. According to Glassnode statistics, Binance and aggregate exchange cumulative volume delta have turned back toward conditions that favor buying, while selling pressure on Coinbase has lessened. The short-term holding SOPR (Spent Output Profit Ratio) for Bitcoin is 0.996 on a seven-day simple moving average, which is below the important 1.0 break-even mark.
The SOPR fell to 0.965 at the last price low of about $87,500, which means that short-term holders lost an average of 3.5%. According to crypto analyst Darkfost, stablecoin data support a possible bottoming process. The Stablecoin Supply Ratio had its biggest drop of the cycle as Bitcoin’s market cap decreased faster than stablecoin liquidity.
XRP Faces Downward Pressure, $1.90 Support Holds
XRP (XRP) stayed above $1.90 even though it had been under a lot of downward pressure for a few weeks, which brought it below the psychologically important $2 mark. The drop happened at the same time as a dramatic drop in retail sentiment. Santiment data shows that XRP retail sentiment fell into “extreme fear” area for the third time this year. On January 20, the ratio of positive to negative emotion fell below 1.873 and kept getting worse. However, the token has made a small comeback, going from about $1.89 to over $1.95.
24HRSCRYPTO, a crypto investor and XRPL validator, said that XRP’s price being below $2 means that the accumulation window is getting smaller, not that the fundamentals are getting weaker. The validator said that more than 500,000 XRP Ledger accounts already have more than 10,000 XRP, which means that it will be harder for new people to get large amounts of XRP. At the same time, market specialist Egrag Crypto found a “Super Guppy Compression” pattern in the XRP/BTC trading pair. This means that the selling pressure is over and the market is in a transition phase.
The analyst thought there was a 60–70% chance of a positive breakout in the next three to six months. If the pair breaks through resistance at $0.0000338, it might reach $0.000091 and $0.00014 against Bitcoin. But technical analysts say that a monthly closing below $1.90 could mean that support levels under $1.60 are more likely to hold.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save