XRP Sells Off Near $1.90; Support Shifts to $1.85
XRP came under selling pressure after repeated rejections around $1.90, breaking short-term support and shifting the near-term focus toward $1.85. Intraday volume spikes — including a roughly 75.3 million‑token peak near a $1.906 rejection and a smaller ~2.7 million‑token burst during a drop from $1.867 to $1.865 — indicate larger sellers dominated recent flows. Over 24 hours the token fell from about $1.8942 to $1.8635 (≈1.6% decline) with a tight intraday range. The $1.8615–$1.8700 band, which acted as working support, cracked and price moved into a lower distribution range. Traders should watch $1.87 as a near‑term decision level: reclaiming it could reopen resistance at $1.90–$1.91, while failure would target $1.860–$1.855 and risk deeper declines. Year‑end thinning liquidity and split analyst views — rising‑wedge downside warnings versus bullish RSI divergence setups — have heightened short‑term risk. Tactical guidance for traders: sell rallies into ~$1.90, buy dips near $1.86–$1.85, and require convincing volume expansion to confirm any breakout direction.
Bearish
The combined reports point to a bearish short-term outlook for XRP. Repeated rejections near $1.90 accompanied by significant volume spikes imply distribution — larger sellers are likely offloading into strength. The break of the $1.8615–$1.8700 working support and the move into a lower distribution range increase downside risk. Thin year‑end liquidity amplifies price moves and reduces the reliability of small bounces. Reclaiming $1.87 would be required to restore a neutral-to-bullish scenario and test $1.90–$1.91; without a volume-backed recovery, expect targeted dips to $1.860–$1.855 and potential deeper declines. For traders this means prioritizing risk management: fade rallies near $1.90, consider tactical buys only at established support near $1.86–$1.85, and demand clear volume confirmation before committing to directional trades.