XRP Faces Critical Support at $1.80 Amid Market Volatility

Crypto analyst Dom highlighted the significance of a triple tap at $1.80 for XRP, indicating a possible bottoming structure. Further downside could lead to a breakdown, while regaining $2.05 would stabilize the chart.

XRP Price Dynamics

XRP fell below the $2 level, losing prior gains amid a broader market crash influenced by new tariffs on European nations.
A recent 30% rally was driven by low liquidity and lacked strong buyer support.
On-chain analysis suggests investors are accumulating below cost basis, adding pressure on top buyers.

Technical Analysis

Resistance is at $3.40-$3.60; support is between $1.85-$1.95.
The 21 EMA acts as resistance, indicating weak short-term momentum.
A potential liquidity sweep could occur rather than a confirmed breakdown.
A weekly close below $1.85 may signal structural failure.
Current sentiment remains cautiously bullish if the price structure holds.

Currently, XRP trades around $1.90, down over 3% in the last 24 hours.