Support Holds as Sellers Crowd In

• XRP falls over 2% to $1.85 as Bitcoin, Ethereum, Solana, and BNB also decline.
• Price sits near a demand zone, allowing room for a short-term bounce attempt.
• The broader trend stays bearish, with lower highs and a strong descending trendline.

XRP price is under fresh pressure, falling more than 2% and trading near $1.85. The weakness is not limited to XRP alone. The broader crypto market is also in the red, with Bitcoin, Ethereum, Solana, and BNB all posting losses.

Analysts say the overall mood remains bearish. On the chart, XRP is sitting just above a strong demand zone, an area where buyers have stepped in before. This level could trigger a short-term bounce, as buyers attempt to defend the price.

A brief relief move from here would not be surprising, especially if selling slows down even temporarily.

Bigger Trend Still Points Down

Despite the nearby support, the larger trend remains negative. XRP continues to form lower highs, and the descending trendline is still controlling price movement.

Any bounce that fails to break and hold above this trendline near $1.85 should be viewed as a temporary pullback, not a trend reversal. “If sellers step back even briefly, we can see a sharp reaction. If this demand fails, downside continuation comes fast,” the analyst said.

Exchange Data Signals Rising Selling Pressure

On-chain data adds to the bearish outlook. According to CryptoQuant analysts, selling pressure on XRP has intensified sharply in recent weeks. 

XRP has already dropped about 50%, falling from a high near $3.66 to the current $1.85 area. During this correction, inflows of XRP to exchanges, especially Binance, have surged.

These inflows are often seen as a sign that investors are preparing to sell.

Binance Inflows Spike After December 15

After a period of relatively stable activity, XRP deposits to Binance jumped starting December 15. Daily inflows ranged from around 35 million XRP to a peak of 116 million XRP on December 19.

This sudden increase suggests a shift in investor behavior. Earlier, many investors had been holding XRP since October. But recent data shows a move toward profit-taking by long-term holders, along with capitulation and loss-driven selling from newer buyers.

As long as these elevated exchange inflows continue, analysts say it will be difficult for XRP to enter a true accumulation phase. XRP has fallen below support near $1.87, which has now turned into resistance in the short-term.  The next support is around $1.77–$1.80. A daily close above $1.90 would be needed to ease bearish pressure.

Related: Mike Novogratz Says Community Loyalty Won’t Save XRP and Cardano in a Maturing Market