At 11:22 a.m. on Jan. 29, XRP is trading at $1.8008, extending a sharp intraday decline and marking a decisive break lower after several sessions of choppy consolidation. Price is down more than 5% over the past 24 hours, with selling pressure accelerating late in the session and driving XRP to fresh short-term lows near $1.78 before a modest bounce. The latest candles show price attempting to stabilize just off the low, but overall positioning reflects persistent downside momentum.

From a short-term price action perspective, XRP has shifted decisively from range-bound trading into a breakdown. Earlier activity was concentrated around the $1.90–$1.92 area, where repeated recovery attempts failed to gain traction. Once price slipped below the $1.87–$1.88 zone, downside follow-through intensified, with a sequence of large bearish candles and limited upper wicks underscoring aggressive selling. Volume expanded during the decline and has remained elevated near the lows, consistent with forced selling rather than orderly profit-taking.

The sharp move lower in XRP is unfolding as markets grapple with what traders are calling a “perfect storm” of macro stress. Risk appetite has deteriorated rapidly amid escalating geopolitical tensions, a sudden breakdown in Big Tech leadership, and mounting concern over U.S. domestic political instability. Together, these forces have driven a broad risk-off rotation, weighing heavily on speculative and high-beta assets as investors prioritize liquidity.

Geopolitical escalation has been a central catalyst behind the defensive shift. President Donald Trump announced that a “massive Armada,” led by the aircraft carrier USS Abraham Lincoln, is heading toward Iran, warning that time is running out for a new nuclear deal and threatening military action exceeding previous operations. Iran’s foreign minister responded that the country’s forces are “on the trigger,” intensifying fears of a regional conflict that could disrupt the Strait of Hormuz. At the same time, U.S. equities have been pressured by a sharp selloff in Big Tech, led by Microsoft’s steep decline following signs of slowing cloud growth and sharply higher AI-related capital spending, while the prospect of a looming U.S. government shutdown tied to a standoff over DHS funding has added another layer of uncertainty to an already fragile market backdrop.

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Technical indicators reinforce the bearish tone. The Relative Strength Index ( RSI) has dropped to about 22, placing momentum deep in oversold territory and highlighting the intensity of the selloff. The Moving Average Convergence Divergence ( MACD) remains firmly negative, with the MACD line near -0.0219 and the signal line around -0.0136, while the histogram continues to expand lower, signaling strengthening downside momentum. From a Moving Average (MA) standpoint, XRP is trading well below both the 50-period and 200-period simple moving averages clustered near the $1.90 area, defining a broad zone of overhead resistance. Bollinger Bands have widened sharply, with price breaking decisively below the lower band near $1.87 before attempting a tentative rebound, reflecting heightened volatility and sustained selling pressure.

Unless XRP can reclaim ground back inside the lower Bollinger Band and stabilize above recent lows, the near-term technical bias remains skewed to the downside. Any rebound is likely to encounter resistance near the falling moving averages, while continued weakness would suggest sellers remain in firm control as broader macro uncertainty continues to dominate market sentiment.

• Why did XRP break sharply lower after days of consolidation?
  XRP broke down after failing repeatedly near $1.90–$1.92, with a loss of the $1.87–$1.88 support triggering high- volume, forced selling amid a broader market risk-off move.
• What does XRP’s current technical setup signal for short-term investors?
  With RSI near 22, MACD deeply negative, and price below key moving averages, technicals point to sustained bearish momentum despite oversold conditions.
• How are macro and geopolitical factors impacting XRP’s price?
  Escalating geopolitical tensions, Big Tech weakness, and U.S. political uncertainty have reduced risk appetite, pressuring high-beta assets like XRP.
• What key levels should investors watch next for XRP?
  Investors should monitor support near $1.78 and resistance around $1.87–$1.90, as failure to reclaim these levels keeps downside risks elevated.

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