XRP price fell to 1.85 dollars this December 30 after breaking the critical support of 1.87 dollars. This technical movement responds to increasing market selling pressure driven by massive deposits into exchange platforms. Shaurya Malwa, an analyst at CD Analytics, highlighted that indicators show oversold conditions following this recent price drop.
The popular cryptocurrency faced accelerated asset distribution during the hours of highest commercial activity. On the other hand, on-chain data reveals exchange inflows of between 35 and 116 million tokens. The 1.87 dollar support was forcefully broken by the sellers. Trading volume increased 77 percent recently exceeding previous daily averages.
Institutions maintain structural interest through ETFs, but short-term sentiment remains defensive. Likewise, Bitcoin’s stagnation has left secondary assets like XRP more vulnerable to downward movements. Therefore, investors are choosing to take profits instead of accumulating more units. The current technical structure shows a clear descending channel on charts. Rebound attempts have failed near important resistance levels.
The loss of fundamental technical levels suggests greater institutional caution
The increase in deposits toward exchange platforms usually precedes a liquidation of positions. Thus, market selling pressure has become the dominant factor during the year-end close. Additionally, liquidity has concentrated at lower levels while buyers wait for signals of greater stability. The price formed a tentative double bottom at 1.846 dollars. Immediate resistance is now at 1.85 dollars for XRP.
Despite the drop, support from exchange-traded funds could act as a buffer against more aggressive declines. However, without a clear rally in Bitcoin’s price, XRP’s recovery seems limited in the short term. Nevertheless, analysts are watching the demand zone located between 1.77 and 1.80 dollars. Ethereum’s weakness affects the overall risk appetite significantly. Institutional traders maintain a constant monitoring stance right now.
Will XRP manage to regain the 1.90 dollar level to reverse its bearish trend?
If the asset manages to reclaim the 1.87 dollar mark, the focus could shift back toward 2.00 dollars. However, for now, the market shows consolidation with a clear distribution of assets above the current price. Therefore, the coming days will be decisive in defining the floor of this corrective cycle. Recovery depends on Bitcoin’s global momentum significantly. The crypto market faces a necessary rebalancing phase today.
In conclusion, the technical outlook for XRP remains under pressure as long as exchange flows do not decrease. Likewise, the ability of buyers to defend the 1.80 dollar range will be fundamental to avoid further losses. Therefore, it is recommended to closely follow institutional flow data and year-end volatility. XRP seeks to stabilize after the support break occurred. Future perspectives will depend on renewed investor confidence soon.
