️ Technical Weakness: XRP decisively broke below major support levels, including the $1.916 and the critical $2.00 psychological threshold. This triggered stop-losses and exacerbated selling pressure. The price is trading below its 50-day, 100-day, and 200-day moving averages, reinforcing the bearish outlook

️ Institutional Interest: Despite the price drop, there is strong institutional interest, highlighted by over $1 billion in net inflows into U.S. spot XRP ETFs since their launch in November 2025.

️ Macroeconomic Headwinds: The broader crypto market experienced a downturn as traders de-risked their portfolios ahead of U.S. inflation data and potential commentary from President Trump, fearing crypto-negative rhetoric. A delayed, but lower than expected, inflation report did not catalyze a sustained rally. Bitcoin's drop towards the $85,000 level also dragged down altcoins like XRP

️ Support: Immediate support is near $1.80 to $1.83. A failure to hold this range could see a deeper decline toward the next major support levels at $1.63 - $1.65 (the 61.8% Fibonacci retracement level).

️ Resistance: Key resistance levels are overhead at $1.93 and the crucial psychological barrier of $2.00. Reclaiming the $2.00 mark with significant volume is necessary to signal a potential trend reversal

️ From our chart we can see we've failed to regain our 200, 50 and 20 day EMA's and this descending broadening wedge has formed giving us an opportunity for a bullish reversal but that'll be up to the market and whether or not bull's can break us out of this wedge and hit our target of $1.99 for bullish confirmation as we'll have regained the 200 EMA by then if we can achieve that.

️ Bitcoin and the broader crypto markets are still showing signs of uncertainty with price fluctuating between $86,000 and $90,000 as the market looks to find where we may be headed next, especially as we approach January which off past price-action has shown to be a strong month for crypto markets along with a period of significant volatility so January should be interesting to see. Gonna leave things here but feel free to keep tuned for more and thanks for joining me today.

️ Thanks as always and till next, keep your head up and keep at things.

Best regards,