XRP Extends Losses Below $1.90 as Bears Keep Control

XRP continued its downward move, extending losses and trading below $1.880, while now consolidating near short-term support. According to data from Company Kraken, the market structure on the hourly chart shows the price struggling to reclaim the $1.90 threshold and remaining below the 100-hour Simple Moving Average (SMA). This consolidation phase may resolve lower if the pair fails to clear nearby resistance levels.

Earlier, XRP failed to hold above $1.950 and initiated a fresh decline similar to moves seen in Bitcoin and Ethereum. The decline breached the $1.920 and $1.90 zones, entering a clear short-term bearish territory with a spike below $1.850. A short-term low formed at $1.810, from which the pair recovered modestly, clearing the 23.6% Fibonacci retracement of the drop from the swing high at $1.963 to the low at $1.810.

On the hourly timeframe, a key bearish trend line has formed with resistance around $1.885, and the 50% Fibonacci retracement of the same downward move sits near that level as well. The market remains under pressure as sellers reassert control whenever the price attempts upward moves. Immediate resistance is observed at $1.8850 and the critical $1.90 zone; a decisive close above $1.90 would be required to shift momentum back to the bulls.

If buyers can push and sustain price above $1.90, upside targets include $1.95 and the psychological $2.00 barrier. A clear move above $2.00 could open a path toward $2.05, $2.12, and potentially challenge the $2.20 level. However, such a bullish scenario depends on a break and hold above the noted resistance confluence near $1.885–$1.90.

Conversely, failure to clear the $1.90 resistance could resume the decline. Initial downside support is near $1.840, followed closely by stronger support at $1.820. A decisive break and hourly close below $1.820 would increase the probability of continued losses toward $1.780, with further weakness exposing the $1.750 zone and even $1.70 in extended bearish conditions.

Technical indicators on the hourly chart reinforce the cautious bearish bias. The MACD is accelerating in the bearish zone, confirming increased downside momentum, while the hourly RSI hovers around the 50 level, showing neither extreme oversold nor bullish strength and leaving room for directional continuation depending on price action.

For traders and analysts, the immediate plan is to monitor price action around the $1.885–$1.90 resistance and the $1.840–$1.820 support corridor. Short-term intraday traders may consider guarding shorts if price closes convincingly above $1.90, while conservative buyers should wait for confirmation of a trend change. Risk management remains essential given the proximity of multiple Fibonacci levels and the prevailing bearish trend line.

Key levels to watch: Resistance: $1.8850, $1.90, $1.95, $2.00. Support: $1.840, $1.820, $1.780, $1.750, $1.70. Keep an eye on on-chain news, broader market direction from Bitcoin and Ethereum, and live liquidity on exchanges such as Company Kraken for order flow context.