XRP fell during a volatile session, but the drop came alongside very high volume, a sign that big players were active even as the price struggled to hold key technical levels.
News background
- Crypto markets swung sharply on Thursday following a weaker-than-expected US CPI print, which briefly lifted Bitcoin above $89,000 during US hours.
- However, that move quickly faded, and cryptocurrencies once again lagged stocks, which remained firmly positive on the day.
- The rapid reversal reinforced a pattern that has become familiar in recent weeks: macro-driven rallies in cryptocurrencies struggle to maintain momentum as positioning thins and sellers reassert control.
- Against that backdrop, XRP remained under pressure after failing to reclaim the $2.00 area earlier this month, a level many analysts view as a structural inflection point.
Technical analysis
XRP continues to trade below its major moving averages, and the loss from the $1.93 to $2.00 zone keeps the broader structure tilted lower. Former support near $1.93 has now turned into resistance, lining up with key Fibonacci retracement levels and limiting rebound attempts.
While daily momentum indicators are showing early signs of stabilization, including a developing RSI bullish divergence flagged by several technicians, price has yet to confirm that signal. Until XRP can regain traction above near-term resistance, rallies will remain vulnerable to fresh selling.
Price Action Summary
XRP fell 1.2% to $1.84 during the session, trading in a wide range of $0.10, or about 5.4%. The price initially recovered from support near $1.84 before rising to $1.93 on heavy volume, only to reverse sharply when sell orders emerged at the resistance.
Trading volume jumped up to 147% above the 24-hour average during the afternoon sell-off, peaking near 155 million tokens as XRP fell back toward session lows. The most intense activity was concentrated near the highs and during the subsequent collapse, suggesting distribution rather than a panic-driven sell-off.
In late trading,
What traders should know
- Support: $1.84 is the immediate level to watch, with deeper support near $1.73 and macro support around $1.64.
- Endurance: $1.93 remains the first major ceiling, followed by $1.98 and the psychological zone of $2.00.
- Volume signal: High activity without continuation upwards points to positioning and distribution
- Inclination: Cautious while below $1.93; Technical relief rallies need confirmation.
Until XRP can reclaim previous support with sustained acceptance, price action suggests that consolidation or further decline remains more likely than a clear reversal, even as momentum indicators hint that selling pressure may be slowing.
