XRP Falls Amid Renewed Bitcoin Pressure and Market Resistance
XRP declined by 1.2% to $1.84, trading within a range of approximately $0.10 or 5.4% on the session. The token's trading volume surged significantly, reaching nearly 147% above the 24-hour average and peaking near 155 million tokens. This increase suggested distribution activity rather than panic selling.
XRP was unable to reclaim the critical $2.00 level, which analysts identify as a key structural inflection point. The token remained below major moving averages, and the loss of the $1.93 to $2.00 zone shifted its structure toward the downside. What was previously support around $1.93 now acts as resistance, aligning with important Fibonacci levels.
Immediate support for XRP sits at $1.84, with deeper supports near $1.73 and roughly $1.64. Resistance levels are at $1.93, followed by $1.98 and $2.00.
Meanwhile, the macroeconomic backdrop featured a softer-than-expected U.S. Consumer Price Index (CPI) report that briefly drove Bitcoin above $89,000 before it retraced to around the $85,000 level. Despite this, the broader cryptocurrency market lagged behind equities.
Crypto rallies driven by macro factors are struggling to maintain momentum as positioning thins and sellers regain control. Unless XRP can sustainably reclaim its former support levels, consolidation or further downside appears more likely than a price reversal.
