XRP slipped through short-term support on Wednesday as sellers re-emerged near $1.90, keeping the token stuck in a tight range and pushing attention towards the $1.85 area.
News background
The move comes as crypto markets remain choppy heading into the year-end window, where liquidity often thins and positioning tends to dominate price action. Traders have been leaning into short-term risk control over directional conviction, especially after recent whipsaw moves across majors.
XRP has also been trading on mixed signals from the analyst community. Some chart-watchers have flagged a rising wedge structure that could push price lower if support continues to erode, while others point to RSI divergence patterns that often appear near local exhaustion points. This split has kept conviction low and reinforced the market’s tendency to fade rallies near obvious resistance.
Technical analysis
XRP spent most of the session using the $1.8615-$1.8700 band as a functioning support zone, but late session selling pushed the price below that bottom and into a lower distribution area.
The key explanation was volume concentration at resistance. Trading peaked around 75.3 million tokens during the rejection near $1.9061, nearly double the 24-hour average, suggesting that major players were active on the sell side in strength rather than stepping in to accumulate.
On the intraday view, the break from around $1,878 down to the mid-$1.86s occurred with repeated volume spikes, including a 2.7 million breakout below the $1,867-$1,865 slide, reinforcing that the breakdown was flow-driven, not just drift.
Price action overview
- XRP fell from $1.8942 to $1.8635 over 24 hours
- Resistance held near $1.9061 on the session’s highest volume
- The $1.8615-$1.8700 support band was broken late, moving the price to lower territory
- The trade remained contained overall with a range of $0.0395 (about 2.1%)
What traders should know
$1.87 has moved from support to a near-term decision level. If XRP can regain this zone and hold it, the move is more consistent with a range reset and a potential push back towards $1.90-$1.91. If not, the next area traders will focus on is $1,860-$1,855, where buyers are expected to defend to avoid a deeper slide.
So far, the pattern remains “sell rallies at $1.90, buy dips near $1.86,” and the next directional move likely depends on volume expanding on a break — not on another low-liquidity probe within the range.
