XRP Price Outlook: XRP Maintains $2.10 Amid UK Endorsement and Chart Patterns Indicating a Test of $2.40

XRP is currently trading at approximately $2.10, reflecting an increase of about 0.24% over the last 24 hours, as the price action stabilizes within a narrow consolidation range. The daily trading volume is around $1.12 billion, while XRP maintains its position as the fourth-largest cryptocurrency, boasting a market capitalization of roughly $127.5 billion.

At first glance, the movement appears subdued. However, the underlying structure indicates that the market is absorbing gains rather than losing steam.

Since late December, XRP has consistently been generating higher lows, remaining above a rising trendline despite numerous attempts to dip lower. This pattern typically signifies controlled consolidation rather than a trend burnout, especially when prices continue to hold above established support levels.

Ripple’s UK FCA Approval Enhances Context

Beyond the chart analysis, regulatory updates are providing context to XRP’s current pause. Ripple has recently obtained registration with the UK Financial Conduct Authority, enabling its UK subsidiary to conduct specific crypto-related activities within the country’s anti-money laundering framework Ripple secures FCA registration.

The future of regulated digital assets payments in the UK has arrived!
Ripple has officially received approval for both an EMI license and Cryptoasset Registration from the UK’s FCA.
Who better to explain what it signifies than our UK and Europe Managing Director @CraddockCJ.… pic.twitter.com/q2xyeJQXEF

— Ripple (@Ripple) January 9, 2026

Although the approval does not equate to full financial services authorization, it represents a significant advancement as the UK strives to incorporate digital assets into its regulatory framework.

For the markets, such clarity typically holds less weight for immediate price surges and more importance for bolstering long-term confidence during consolidation periods.

XRP Price Prediction: Chart Structure Tightens Above Support

From a technical perspective, XRP’s price forecast is constricting. Following a rally toward the $2.40 area, the subsequent pullback is taking shape as a bullish flag rather than a reversal.

The price continues to remain above the $2.04–$2.06 support zone, which closely coincides with the 0.618 Fibonacci retracement level, a point often linked to trend continuation.

XRP Price Chart – Source: Tradingview

The 50-EMA and 100-EMA are flattening and beginning to converge around $2.10, indicating a decrease in volatility. Candlestick patterns reinforce this perspective, showcasing repeated small-bodied candles with long lower wicks, suggesting buyers are absorbing supply rather than withdrawing.

Momentum indicators advocate for patience. The RSI has recovered from oversold conditions and is now stabilizing near the mid-50s, indicating strengthening bullish momentum without signs of exhaustion or bearish divergence.

XRP Breakout Depends on $2.15 Resistance

Using TradingView’s path projection, a decisive move above $2.15 would likely pave the way toward $2.27, followed by a possible retest of $2.40 if momentum accelerates. As long as XRP remains above the rising trend support, the overall setup favors continuation rather than distribution.

Markets often shift when attention is at its lowest. With regulatory clarity on the rise and technical pressure building subtly, XRP’s consolidation phase may be setting the stage for its next growth phase.

This type of environment typically rewards early positioning, particularly as sentiment and engagement begin to shift towards a more optimistic outlook.

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The post XRP Price Prediction: XRP Holds $2.10 as UK Approval and Chart Setup Hint at $2.40 Test appeared first on Cryptonews.