XRP Falls to $1.85 Support, Recovers Above $1.85 but Stalls Below Moving Averages
XRP (XRP) dropped from a January 6 rejection at $2.41 to an intraday low of $1.85, where selling pressure paused and the price recovered slightly above $1.85. The token remains below key moving averages, trading between downward-sloping MA lines on the 4-hour chart — a pattern suggesting range-bound action unless buyers push above the MA lines. Short-term support sits at $1.80 (with a secondary support at $1.60); resistance is noted at $2.80 and $3.00. The 21-day SMA is still above the 50-day SMA (upward sloping), reflecting the prior bullish trend, but price action below the moving averages indicates bearish near-term momentum. Continued upward movement would require the price to hold above the moving averages and break past $1.95–$2.00 levels. This analysis is an opinion and not financial advice.
Neutral
The report describes XRP finding support at $1.85 after a drop from $2.41 and trading below moving averages. Key technicals are mixed: the 21-day SMA remains above the 50-day SMA (a historically bullish sign), but current price action under the downward-sloping short-term moving averages suggests limited bullish conviction. Price is range-bound between support ($1.80) and resistance levels ($2.80–$3.00), implying limited immediate directional momentum. For traders, this signals cautious, neutral positioning: short-term trades may capitalize on the $1.80–$1.95 range with tight stops, while breakout above the moving averages and $1.95–$2.00 would be required to validate a bullish reversal. Conversely, a breach below $1.80 would likely accelerate bearish sentiment and selling. Similar past events (altcoins pausing under moving averages after a correction) typically produce sideways action until a decisive breakout or breakdown; volatility spikes tend to follow such resolutions. Therefore the expected market impact is neutral in the near term, with potential to turn bullish if moving averages are reclaimed or bearish if $1.80 fails.