$XRP
is currently facing intense selling pressure as it slides toward a critical support floor at 1.8447. The short-term technical structure has significantly weakened after a breakdown below the psychological 1.90 level, with the price now trending well below the 7-day, 25-day, and 99-day moving averages. While immediate sentiment has hit levels of extreme fear and negative social chatter, historical data suggests this exhaustion often precedes a sharp contrarian rebound. Traders are closely monitoring the 1.80 zone, as a failure to hold this tactical base could trigger a deeper correction toward 1.62. However, with consistent ETF inflows and price compression near long-term resistance, the market remains coiled for a high-volatility move once this distribution phase concludes