XRP Drops to $1.85 as Support Breaks, Technical Outlook Defensive
XRP slipped to $1.85 after breaking the $1.87 support level, with rising exchange inflows indicating renewed selling pressure. Momentum indicators show oversold conditions, but failed attempts to reclaim resistance keep the technical stance cautious. Weak Bitcoin momentum and muted market risk appetite have left XRP exposed to supply-driven moves.
Market Signals
On-chain data reveals increased XRP deposits to exchanges, suggesting holders are selling into rallies. Daily inflows have ranged from 35 million to 116 million XRP since mid-December, reflecting defensive positioning.
Key Levels
- Support: $1.84, then $1.77–$1.80
- Resistance: $1.85–$1.87, with a break above $1.90 needed to shift momentum
XRP remains in a distribution-heavy consolidation, vulnerable to further support tests without renewed Bitcoin strength.
