XRP Heads Toward $1.80 Support After Failed Breakout — Low Volume Risks Further Decline
XRP traded at $1.8330 on Dec. 26 after a modest 0.47% rise. The hourly chart shows a decline following a false breakout above local resistance at $1.8807. If the daily candle closes near current support, XRP is likely to test the $1.80 zone soon. Mid‑term indicators favour sellers: volumes remain low and no reversal signals have appeared. Analysts warn that if bearish momentum persists, XRP could fall further to the $1.70–$1.75 range, and in a more extended downside scenario, to $1.60–$1.70. Key trading considerations: monitor daily close relative to $1.88 resistance, watch volume for bullish confirmation, and prepare for a potential test of $1.80 support and lower targets.
Bearish
The technical read is bearish. XRP failed a breakout above $1.8807 and is retracing toward the $1.80 support; daily and mid‑term indicators show sellers in control and volumes are low, indicating weak bullish conviction. Historically, failed breakouts followed by low volume often lead to renewed declines toward prior support levels — here $1.70–$1.80 is the nearest zone and $1.60–$1.70 is a plausible extended target if selling intensifies. Short-term impact: likely increased downside pressure and higher volatility around $1.80; traders should use tight risk management and watch volume spikes for reversal clues. Long-term impact: unless volumes and bullish confirmations emerge, the medium-term bias will remain negative, delaying any sustainable uptrend until buyers regain momentum above $1.88–$1.90 with stronger volume confirmation.