Overview
- XRP traded near $1.85 after a roughly 50% slide from its ~$3.66 cycle high, with the latest drop breaking the $1.87 support level.
- On-chain data show sustained deposits to Binance since Dec. 15, ranging about 35 million to 116 million XRP per day, a trend analysts view as distribution.
- CoinDesk reported heavier selling on the breakdown, with rebounds stalling and focus shifting to $1.84 and then the $1.77–$1.80 demand zone unless $1.87–$1.90 is reclaimed.
- Santiment-tracked wallets tied to large holders have shed about 40 million XRP in recent weeks, reinforcing near-term sell-side pressure.
- Multiple studies flag oversold readings and emerging reversal setups, with potential relief rallies if price retakes $1.90–$2.10, but a clean break below ~$1.75–$1.80 could target $1.50 or lower.