XRP Price Weakens at Critical Level, Raising Risk of Deeper Pullback
XRP has decisively broken below the $1.93 support zone, which now acts as resistance, signaling increased selling pressure in the market. This break through $1.93 occurred with heavy volume, around 191 million tokens traded during the session, approximately 246% above the 24-hour average, indicating participation by larger market players.
The price remains under pressure below $1.88, with $1.93 serving as a near-term resistance level. Key levels to watch include $1.93 for resistance, $1.88 as the near-term cap, and $1.85 as a potential area for stabilization. On lower timeframes, XRP's price action appears bearish, characterized by lower highs and compressed momentum indicators.
The broader market backdrop shows renewed risk-off sentiment across the crypto sector, with XRP's price action driven more by technical positioning than underlying fundamentals. Any meaningful recovery is likely contingent on the price reclaiming $1.93 on declining volume, signaling reduced distribution; until then, XRP remains vulnerable to flow-driven downward moves.
