XRP broke from a multi-day consolidation late Saturday, slipping below the $1.93 support zone as heightened volume confirmed sellers were in control, even as broader crypto markets remained mixed.
News background
- The move comes amid a broader cooling of risk appetite across crypto, with bitcoin struggling to hold recent rebounds and large-cap altcoins experiencing selective pressure rather than broad capitulation.
- Analysts have noted that XRP in particular has been vulnerable since losing the $2.00 handle earlier this month, with repeated rebounds failing to attract sustained follow-through.
- On-chain data from Glassnode shows that below $1.77, realized supply thins significantly until the $0.80 range, a level that previously marked heavy accumulation during previous cycles.
- Although it remains a long-term scenario, the loss of intermediate support has increased sensitivity to downside extensions.
Technical analysis
- XRP spent most of the session trading within a range of $1.90-$1.95 before sellers forced a break through the lower limit.
- The $1.93 area, which had served as support through several tests, gave way during US hours as volume grew well above recent averages.
- The most decisive move took place around 13:00 UTC when the price fell to $1,897 on a volume of about 93.8 million tokens, about 78% above the 24-hour average.
- This move turned the previous support zone into resistance and confirmed a failure of the previous consolidation structure.
- On the hourly chart, XRP is now trading below its short-term moving averages, with momentum indicators rolling over instead of showing divergence. The inability to regain $1.93 quickly keeps the short-term bias tilted lower.
Price action overview
- XRP fell from $1,926 to $1,915 during the 24-hour period ending on December 22nd at 02:00 UTC
- The price briefly rose to $1.95 earlier in the session before reversing sharply
- A late-session push-down saw XRP trade down to $1,907 over the past hour
- Volume accelerated into the breakdown rather than fading, suggesting active selling rather than thin liquidity
Despite some dip buying near $1.90, the rebound lacked momentum and the price did not re-enter the previous range.
What traders should know
- $1.93-$1.95 is now acting as a resistance band after the breakdown
- $1.90 is the first level bulls need to defend to prevent follow-on selling
- A net loss of $1.77 would reveal a much thinner demand zone until around $0.80, based on the chain’s cost base data
- Any recovery attempt needs a quick retracement of $1.93 on increasing volume to neutralize the current setup
For now, XRP remains in a technically fragile position, with sellers controlling rallies and buyers showing limited conviction at higher levels.
