XRP Weakens After Repeated Price Action Failures Near USD 1.95
XRP broke down from a multi-day consolidation, slipping below the $1.93 support zone amid increased selling pressure, with an intraday low of approximately $1.897 on high volume. This decline follows earlier losses of the $2.00 level, where rebounds failed to gain traction.
Trading volume intensified, with about 93.8 million XRP exchanged around 13:00 UTC—roughly 78% above the 24-hour average—confirming the selling pressure. The $1.93 area, previously a support level, has turned into resistance after the breakdown and must be reclaimed to negate the bearish setup.
Near-term technical indicators show XRP trading below short-term moving averages with momentum rolling over, maintaining a downward bias. Additionally, a break below $1.77 could expose a thinner demand zone toward approximately $0.80, according to Glassnode on-chain data.
Over the past 24 hours, XRP's price ranged between $1.90 and $1.95, with a spike to $1.95 earlier and a session-ending low of $1.907. Recovery would require a swift reclaim of $1.93 on rising volume, and defending $1.90 is critical to prevent continued selling pressure.
In the broader cryptocurrency market, risk-off sentiment persists as Bitcoin struggles to sustain rebounds. XRP has remained vulnerable since losing the $2.00 mark.
