XRP fell to $1.85 after breaking the $1.87 support zone, with heavier currency inflows pointing to renewed distribution, as bitcoin’s rebound lost momentum and broader risk appetite remained cautious.
News background
Institutional interest in XRP remains structurally supportive through ETFs, but short-term flows tell a different story. On-chain data shows a sharp increase in XRP deposits to major exchanges in recent weeks, suggesting that holders are increasingly positioning themselves to sell at rallies rather than accumulate.
Daily currency inflows have ranged between around 35 million and 116 million XRP since mid-December, a notable shift from previous periods of relative balance. Such behavior typically reflects profit-taking or defensive repositioning rather than speculative accumulation.
The move comes as bitcoin’s bid to regain upward traction has struggled to hold during U.S. hours, keeping the major-cap crypto locked in a risk-controlled band. Since ether has also not created sustained momentum, secondary majors like XRP have been more exposed to supply-driven moves.
Technical analysis
XRP fell from $1.89 to $1.85, decisively breaking the $1.87 support area that had held through the recent consolidation. Selling accelerated during the most active window, with volume reaching around 68 million XRP – around 77% above the 24-hour average – confirming that the move was not a low-liquidity operation.
On shorter time frames, price action formed a tentative double bottom near $1,846-$1,848, but rebounds repeatedly stalled near $1.85, turning that level into short-term resistance rather than support. The broader structure remains a bearish channel and failed rejection attempts suggest sellers are still active on lesser strength.
Momentum indicators are starting to show oversold conditions, but the price has yet to regain any meaningful resistance. Until that happens, the technical bias remains defensive rather than ready for reversal.
Price action overview
- XRP fell from $1.89 to $1.85 in 24 hours, breaking $1.87 support
- Sales peaked during the crash with volume ~77% above average
- Price briefly stabilized near $1.846, but failed to recover $1.85 cleanly
- Rebounds have been limited, reinforcing a lower-high structure
What traders should know
This is a classic supply-versus-support setup.
Exchange inflows suggest more XRP is being made available for sale, which helps explain why rallies continue to stall even as longer-term ETF demand remains intact in the background.
The levels are clear:
- If $1.85 fails, the downside opens towards $1.84 and then the $1.77-$1.80 demand zone where buyers have previously entered.
- If XRP can regain $1.87, and especially close above $1.90, it would signal that selling pressure is easing and shift focus back towards $1.95-$2.00.
So far the tape sounds like consolidation with distribution costs. ETF flows may mitigate sharp downside, but unless bitcoin regains momentum, XRP is likely to remain vulnerable to further examination of support rather than staging a clean recovery.
