XRP lost an important technical level after a failed breakout attempt, with heavy volume confirming a shift towards near-term bearish control.
News background
XRP fell 2.6% over the past 24 hours, falling from $1.95 to $1.90 as broader crypto markets showed signs of fatigue. The move followed several failed attempts to maintain momentum above recent resistance, leaving XRP vulnerable when support levels were retested.
There were no new fundamental catalysts driving sales. Instead, the move unfolded in a technically sensitive zone where positioning had built up after previous rebound attempts. As the price stalled near resistance, selling pressure resurfaced, overwhelming bids during the European trading session.
Technical analysis
The break below the $1.93 Fibonacci level marked a clear technical failure. This zone had previously acted as a focal point during the consolidation, and its loss shifts short-term structure back in favor of the sellers.
Volume grew strongly during the rejection, with turnover rising 107% above daily averages, confirming that the move was driven by active distribution rather than low liquidity operations. The rally attempt towards $1.95 showed early momentum with higher highs, but the inability to hold above $1.92 triggered systematic selling to strength.
From a structure perspective, XRP went from range extension to range rejection. As long as price remains capped below the $1.93-$1.95 zone, upward attempts are corrective rather than trend-changing.
Price action overview
XRP traded through a $0.09 range during the session, initially pushing towards $1.95 before reversing sharply. Selling intensified as the price slipped back to the $1.92-$1.94 band, with bids thinning near the lower limit.
After the crash, XRP stabilized near $1.90 as selling pressure eased and volume began to normalize. Hourly price action shows consolidation forming just above the $1.88-$1.90 range, although strong reversal signals have yet to emerge.
What traders should know
The $1.93 level now acts as the first major resistance. Any recovery attempt must regain this zone on strong volume to move momentum back towards neutral. Failure to do so keeps the downside risk in play.
On the downside, $1.88-$1.90 is the immediate range to watch. A sustained break below this base would reveal deeper support levels, while a successful defense could allow XRP to consolidate before the next directional move.
For now, volume behavior remains critical. Continued rally selling will confirm the ongoing distribution, while fading volume near support suggests the market is moving from breakdown to stabilization.
