XRP drifted lower over the past 24 hours as an attempted recovery from weekend lows stalled below key resistance, leaving traders weighing early stabilization signals against a still-fragile technical structure.
Market overview
XRP fell about 0.9% during the 24-hour period ending December 23, falling from around $1.92 to $1.90 after failing to sustain a push against resistance near $1.95. Price movements remained contained within a relatively tight range with overall volatility around 2.7%, reflecting indecision rather than capitulation.
Selling pressure intensified late Sunday as XRP rejected near $1.93, triggering a move back below the psychological $1.90 level. This rejection reinforced a pattern of lower highs that has defined recent sessions, keeping short-term momentum to the downside.
Technical analysis
The greatest trading activity took place around 22:00 UTC on December 22, when volume rose to around 74.5 million tokens – around 68% above the 24-hour average. The spike coincided with a sharp rejection from resistance near $1.93, confirming active selling rather than passive drift.
After the crash, XRP briefly fell to the $1.89 area, with buyers stepping in to stabilize the price. On lower time frames, the decline showed signs of slowing, with consecutive candles holding above the session low near $1,893. A short-term recovery followed, pushing the price back towards the $1.90-$1.91 zone, though without decisive follow-through.
Price action overview
- XRP failed to sustain gains above $1.93 after testing resistance near $1.95
- Elevated volume accompanied the rejection, signaling distribution at higher levels
- The price briefly broke below $1.90 before stabilizing near $1.89-$1.90
- Subsequent rebound attempts lacked momentum and kept the streak intact
Overall, the session settled for consolidation rather than continuation in either direction.
What traders need to see
Technical signals remain mixed. Some analysts are pointing to new bullish divergences on momentum indicators, suggesting selling pressure may be weakening near recent lows. Others warn that XRP remains below key moving averages on higher timeframes, a setup that has historically preceded deeper corrective phases when sustained.
Key levels now frame the near-term outlook:
- Support: The first support is near $1.89, followed by deeper levels around $1.87 and $1.77
- Resistance: Overhead supply remains concentrated near $1.95-$1.98, with moving averages reinforcing this zone
- Bias: A sustained retracement of $1.93 would be needed to improve the short-term structure, while a clean break below $1.89 would reopen downside risk
Until one of these levels gives way, XRP appears to be stuck in a consolidation phase, with traders looking for clearer confirmation of either trend exhaustion or renewed downward pressure.
