XRP price hit $1.85 after breaking the support level.

XRP Price Decline

XRP has dropped to $1.85 after breaking the $1.87 support level. Increasing exchange inflows indicate potential selling pressure.

While institutional interest remains strong, recent on-chain data shows a shift towards selling rather than accumulation of XRP. Investors are observing a change in the overall trend of the markets.

Technical Analysis Indicators

Technical analysis reveals that the market is exhibiting a defensive stance. XRP is struggling to regain resistance levels. Momentum indicators also signal oversold conditions.