At 5:13 p.m. on Jan. 20, XRP is trading at $1.891, extending a steady intraday slide after failing to sustain rebounds earlier in the session. Price is holding near the lower boundary of the recent hourly range following a sequence of lower highs and lower lows that has defined trade since the prior session’s sharp breakdown. The short-term tone remains defensive as XRP continues to drift lower, reflecting persistent risk aversion after momentum shifted decisively to the downside.

From a short-term chart perspective, XRP’s price structure shows ongoing pressure after the abrupt selloff that reset near-term levels. Following a brief attempt to stabilize in the mid-$1.90s, price action rolled over again after failing to reclaim declining averages overhead. Candles have continued to probe lower toward the $1.88 area, with rebounds remaining shallow and short-lived. Volume expanded sharply during the initial breakdown and has since moderated as price continues to grind lower, a pattern consistent with sustained selling rather than an exhaustion-driven reversal.

Broader macro developments have added further strain to XRP and the wider digital asset ecosystem. Global market tension spiked overnight after a series of highly provocative disclosures emerged in the late-night and early-morning hours. The Trump administration released screenshots of private diplomatic communications with French President Emmanuel Macron and the NATO secretary general, publicly exposing disagreements over Arctic policy. That escalation was accompanied by the publication of AI-generated maps depicting Canada and Greenland as U.S. territories, along with a firm declaration that there is “no going back” on these territorial ambitions. The situation intensified further with a new threat of 200% tariffs targeting French wine and champagne, framed as retaliation for France’s refusal to participate in a proposed “Board of Peace” for Gaza, injecting fresh geopolitical and trade uncertainty into global markets.

These developments have coincided with the reopening of U.S. markets following a long holiday weekend, prompting a delayed reaction to the 10% baseline tariffs announced Saturday. As of writing, the overlap of renewed trade tensions and geopolitical escalation has driven a broad risk-off move across markets, with capital rotating out of speculative digital assets such as XRP and into traditional safe havens. This shift in positioning has reinforced downside pressure as liquidity favors lower- volatility assets.

Read more: XRP Repeats 2022 Market Structure as Pressure Builds Below $2

Technical indicators remain aligned with the bearish bias evident in price action. The Relative Strength Index ( RSI) is near 29, placing it in oversold territory and reflecting sustained downside momentum. The Moving Average Convergence Divergence ( MACD) remains negative, with the MACD line below the signal line and the histogram slightly below zero, indicating bearish momentum persists. From a Moving Average (MA) perspective, XRP is trading below both the 50-period and 200-period simple moving averages, reinforcing layered resistance in the 1.96–2.05 zone. Bollinger Bands are expanded following the sharp selloff, with price tracking near the lower band around the high-1.87s, signaling continued pressure as volatility remains elevated.

With price still hugging the lower end of the range and technical indicators leaning bearish, XRP remains under near-term pressure unless selling momentum eases and price begins to stabilize away from the lower Bollinger Band.

• Why is XRP under short-term selling pressure despite being oversold?
  XRP remains under pressure because broader risk-off sentiment and persistent downside momentum are outweighing oversold technical signals, limiting speculative buying interest.
• What technical levels should investors watch next for XRP?
  Investors are closely monitoring support near the $1.87–$1.88 zone, while resistance remains layered between $1.96 and $2.05, where key moving averages converge.
• How are macro and geopolitical developments affecting XRP?
  Escalating geopolitical tensions and renewed trade uncertainty have driven capital away from high- volatility assets like XRP toward traditional safe havens.
• Does current volume and indicator behavior suggest a potential reversal?
  Moderating volume after the selloff and bearish MACD alignment suggest sustained distribution rather than a confirmed exhaustion-driven reversal.

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