XRP Slips Below $2 After Triangle Breakdown — $1.85 Support in Focus

Headline: XRP tumbles below $2 after triangle breakdown, eyes on $1.85 support XRP dropped sharply, sliding beneath the $2.00 mark and briefly dipping to $1.847 on Kraken as sellers took control. The move followed a break below a contracting triangle with support near $2.05 on the hourly chart, and the coin is now consolidating under pressure — trading below the 100‑hour Simple Moving Average — with the potential for further downside if it cannot reclaim $2.00. Price action - XRP failed to hold above $2.10 and accelerated lower alongside Bitcoin and Ethereum, slipping past $2.02 and $2.00 into a short‑term bearish zone. - After breaking the contracting triangle (~$2.05), the pair spiked to a low of $1.847 and has since staged a modest recovery above $1.92, briefly testing the 50% Fibonacci retracement of the drop from the $2.065 swing high to the $1.847 low. - Despite that bounce, bears remain active and the price is still trading below $2.00 and the 100‑hour SMA. Key levels to watch - Immediate resistance: $1.98 and the 61.8% Fib of the recent fall (around the $1.98–$2.00 area). A sustained close above $2.00 could open the way to $2.065, then $2.10, $2.12, $2.15 and the next major hurdle near $2.20. - Immediate support: $1.9320, then $1.90. A decisive break and close below $1.90 could extend losses toward $1.85, with further support near $1.82 and a potential move toward $1.80 if selling persists. Technical indicators - Hourly MACD: bearish but losing some momentum. - Hourly RSI: below 50, indicating downside bias. Outlook The $2.00 level is the current battleground. Failure to reclaim it keeps bears in control and raises the odds of a deeper pullback into the low $1.80s. Conversely, a clear reclaim of $2.00 and the 100‑hour SMA would be needed to give bulls a shot at revisiting $2.10+ resistance. Traders should watch those levels and intraday momentum for the next directional clue. Read more AI-generated news on: undefined/news