XRP Sinks as Breakdown From Range Signals Sustained Bearish Momentum

CN
4 hours ago

At 1:21 p.m., XRP is trading at $1.8452, extending a sharp downside move after breaking below the lower end of its recent consolidation range. Price has slid steadily through the session, accelerating lower in the latest candles as selling pressure intensified. The decline places the crypto near the session low and marks a continuation of the broader pullback, with the 24-hour change firmly negative and momentum tilted to the downside.

From a short-term price action perspective, the market has transitioned from sideways trade into a more decisive bearish structure. Earlier in the session, price attempted to stabilize around the $1.92–$1.93 area but repeatedly failed to hold above that zone, setting up a clear rollover. Subsequent selling pushed price through the $1.90 level, where brief pauses occurred, before downside momentum carried it toward $1.88 and ultimately into the mid-$1.84 area. The sequence of lower highs from roughly $1.96 down to $1.92, followed by lower lows from near $1.90 to below $1.85, confirms the breakdown from consolidation into a trending decline. Volume expanded notably during the move from above $1.90 to the session low, adding credibility to the bearish continuation rather than a false breakdown.

Broader macro forces have intensified downside pressure as risk sentiment deteriorated sharply. Trade tensions escalated after President Donald Trump threatened sweeping tariffs on Canadian exports in response to Ottawa’s deepening trade and electric vehicle ties with China, a move that investors view as opening a new front in the global trade conflict and undermining confidence in existing North American trade frameworks. That shock has been compounded by lingering fallout from earlier Greenland-related trade rhetoric, with reports of bipartisan unease in Congress reinforcing perceptions of policy instability. Together, these developments have pushed traders toward a defensive posture, reducing exposure to volatile assets ahead of the new week while favoring traditional safe havens amid heightened geopolitical and political uncertainty.

Read more: $1B XRP Treasury Gains Institutional Safeguards With Evernorth’s t54 Infrastructure

Technical indicators reinforce the bearish tone. The Relative Strength Index ( RSI) has slid to roughly 23, placing momentum deep in oversold territory and underscoring the severity of the recent selloff. The Moving Average Convergence Divergence ( MACD) remains below the zero line, with the MACD line holding beneath the signal line and the negative histogram bars expanding, reflecting strengthening downside momentum rather than stabilization. From a Moving Average (MA) perspective, price is trading decisively below both the 50-period and 200-period simple moving averages, confirming a bearish alignment across key trend measures. Bollinger Bands have widened, with price hugging the lower band near the mid-$1.80s, a configuration that signals elevated volatility and persistent selling pressure.

Unless price can stabilize and reclaim ground back toward the midline of the Bollinger Bands, the technical outlook remains fragile. A failure to attract buyers above the $1.85 area would keep the bias pointed lower, while any bounce would need to overcome resistance near $1.88, $1.90 and then the declining moving averages above. For now, momentum and structure both favor the bears, with the market still searching for a near-term floor.

  • Why is XRP price falling today?
    XRP broke below its consolidation range, triggering heavy selling and bearish momentum.
  • What does RSI near 23 signal for XRP?
    An RSI near 23 shows XRP is deeply oversold after an intense selloff.
  • Where is key support for XRP right now?
    The $1.85 area is the immediate support traders are watching closely.
  • How are macro events impacting XRP?
    Rising trade tensions and risk-off sentiment are pressuring XRP and other volatile assets.

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