XRP Price Dips Below $1.80, Faces Key Resistance at $1.8250

XRP price has entered a short-term bearish zone after failing to hold above the $1.90 level. The cryptocurrency, trading on the Kraken exchange as the XRP/USD pair, initiated a fresh decline that saw it break below successive support levels at $1.850 and $1.8250. The sell-off intensified, pushing the price to spike below $1.750 and form a recent low at $1.710. This downward move aligns with a broader market retreat, as noted by similar declines in major assets like Bitcoin (BTC) and Ethereum (ETH).

Following the drop, XRP price is now consolidating its losses. A minor recovery wave pushed it above $1.740, bringing it near the 23.6% Fibonacci retracement level of the drop from a swing high of $1.938 to the $1.710 low. Despite this minor bounce, the technical picture remains firmly negative. The price is now trading not only below the psychologically important $1.80 mark but also below the 100-hour Simple Moving Average, a key indicator of short-term momentum.

For any recovery to gain credibility, XRP must overcome a series of formidable resistance levels. Initial resistance is situated near $1.7650. The first major hurdle, however, is the $1.80 zone. Compounding this challenge is a key bearish trend line forming with resistance precisely at $1.8050 on the hourly XRP/USD chart from Kraken.

A decisive close above the $1.80 resistance could open the door for a test of the $1.8250 level. A move above that could see XRP price rally toward the 50% Fib retracement level of the recent downswing, near $1.8250. The next significant resistance sits at $1.850. A clear break above $1.850 might propel the price toward $1.880 and then $1.920 resistance, with a major hurdle for bulls potentially near $1.950.

If XRP fails to clear the $1.80 resistance zone, the risk of another fresh decline increases significantly. The immediate support on the downside is near the $1.740 level. Below that, the next major support is at $1.720. A downside break and a daily close below the $1.720 level could trigger continued decline toward the $1.70 mark.

The next major support zone sits much lower, near $1.6720. A break below this level could see the XRP price extend its losses further toward $1.650. This potential downside trajectory is reinforced by bearish technical indicators. The hourly MACD for XRP/USD is gaining pace in the bearish zone, indicating strengthening downward momentum. Furthermore, the hourly Relative Strength Index (RSI) is now below the 50 level, confirming that selling pressure currently dominates.

The current technical analysis for XRP paints a cautious picture heavily dependent on its ability to reclaim lost ground. The formation of the bearish trend line at $1.8050, combined with its position below key moving averages, underscores the prevailing negative sentiment. The cryptocurrency’s fate is closely tied to its interaction with the identified major resistance levels at $1.7650 and $1.80.

Investors and traders are advised to monitor these levels closely. A failure to break above $1.8250 keeps the bearish thesis intact, with the price vulnerable to testing the major support levels at $1.740 and $1.720. The broader weakness observed in Bitcoin and Ethereum suggests the selling pressure is not isolated to XRP, indicating a cautious environment for the entire crypto market category.