XRP Drops Below $1.90 — Whales Accumulate as $1.10 Risk Emerges
XRP broke the key $1.90 support after earlier losing $2.00 and briefly dipping under $1.80, now trading around $1.86–$1.88 following a short rebound. Analysts flagged the close below $1.90 as a critical technical event that could open a larger decline toward ~$1.10 — a level not seen since late 2024. Short-term indicators (TD Sequential) and recent price action signal retracement risk, while nearer supports sit at $1.85 and $1.60 (0.618 weekly Fibonacci). On-chain metrics are mixed: active addresses have declined, but whale wallets show accumulation and spot taker CVD points to prevailing buying pressure despite the price drop. XRP ETFs continue to record inflows, supporting demand (cumulative flows around $1.1bn). Key trade considerations: (1) $1.90 has flipped to a critical resistance — a confirmed weekly close below increases probability of a run toward $1.10; (2) reclaiming $1.90 (and $2.00) is needed to re-establish bullish structure and could trigger short-covering; (3) whale accumulation and positive taker CVD could cap downside or spark a bounce; (4) traders should monitor on-chain flows, ETF inflows, whale wallet activity, and whether price can hold above near supports before increasing exposure. This is informational and not financial advice.
Bearish
The combined reports point to a bearish near-term outlook for XRP. The decisive element is the break and close below the $1.90 support — a technical threshold that historically signals increased downside risk when lost. Short-term sell signals (TD Sequential) and the momentum of a >40% correction since July increase the probability of further declines toward the identified ~$1.10 target if lower supports fail. However, mitigating factors limit full-blown capitulation: whale accumulation, positive spot taker CVD, and continued ETF inflows suggest there is underlying demand that could cap losses or produce short-covering bounces. Practically, this means higher probability of downward pressure in the short term (testing $1.85, $1.60, and possibly $1.10) until bulls reclaim $1.90–$2.00 on a sustained close. For traders: favor risk-managed short bias or wait for a clear reclaim of resistance for long entries; monitor on-chain whale activity, taker CVD, ETF flows, and weekly closes for confirmation.