Market participants appeared focused on liquidity conditions and risk reduction, with selling pressure intensifying around previously well-defined support levels.
News background
- XRP traded sharply lower over the last session as broader crypto markets faced renewed risk-aversion pressure.
- Despite continued inflows into spot ETFs over the past few weeks, short-term price action has been dominated by technical positioning rather than fundamental developments.
- No catalyst prompted the move.
- Instead, the decline reflected positioning adjustments across all major currencies, with XRP showing relative weakness compared to its peers as supply emerged into rallies.
Technical analysis
- XRP decisively broke below the $1.93 support zone, a level it had held through multiple tests over the past few weeks. The crash occurred alongside a significant increase in trading volume, indicating the involvement of larger market participants rather than thin, illiquid trades.
- Total session volume reached approximately 191 million tokens, around 246% above the 24-hour average. The heaviest activity coincided with the move to $1.93, confirming acceptance below that level.
- On shorter time frames, the price action remained limited below $1.88, which now functions as short-term resistance.
- The structure on the hourly chart remains bearish, with lower highs and limited follow-through of minor bounces. Momentum indicators remain compressed, suggesting that selling pressure has not completely exhausted.
Price Action Summary
- XRP fell from just under $2.00 to a session low near $1.87
- $1.93 Level Failed Quickly Once Tested, Without Sustained Supply Response
- The price briefly consolidated between $1.86 and $1.88 following the breakout
- Volume remained elevated until the close, indicating a repositioning underway.
Volatility increased noticeably, with XRP trading in a wide intraday range relative to recent sessions.
What traders should know
- $1.93 has moved from support to resistance and remains a key level to watch
- Sustained trading below $1.88 keeps short-term downward pressure intact
- $1.85 is the next significant area where buyers can try to stabilize the price.
- Any recovery attempt would likely require a recovery to $1.93 on declining volume to indicate a reduced distribution.
- Until that happens, XRP remains technically vulnerable, with price action driven more by flow and positioning than longer-term accumulation signals.
