XRP Price Slips to $1.85 as Key Support Gives Way Amid Year-End Sell-Off
XRP price fell to $1.85 after breaking the $1.87 support level. With increased exchange inflows and selling pressure, we analyze what's next for the major crypto asset.
XRP's defense just cracked. The token fell to $1.85 after losing its crucial $1.87 support level. According to CoinDesk, increased exchange inflows suggest holders are positioning to sell rather than accumulate, even as institutional interest remains structurally intact.
XRP Price Drop $1.85: Analyzing the Breakdown
The price action was decisive. Selling accelerated during the most active window, with volume reaching approximately 68 million XRP—about 77% above the 24-hour average. This confirms the move wasn't a low-liquidity drift but a concerted push by sellers.
On-chain data reveals a sharp pickup in deposits to major exchanges. Since mid-December, daily inflows have ranged between 35 million and 116 million XRP. This behavior typically reflects profit-taking or defensive repositioning in a market that's turned cautious.
Technical Resistance and Market Outlook
The broader structure remains a descending channel. While momentum indicators show oversold conditions, XRP has yet to reclaim any meaningful resistance. Bitcoin struggles to regain its upside traction, leaving secondary majors like XRP exposed to supply-driven moves.
This content is AI-generated based on source articles. While we strive for accuracy, errors may occur. We recommend verifying with the original source.
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