XRP broke down from a multi-day consolidation late Saturday, slipping below the $1.93 support zone as elevated volume confirmed sellers were in control, even as broader crypto markets remained mixed.
News background
- The move comes amid a broader cooling in risk appetite across crypto, with bitcoin struggling to hold recent rebounds and large-cap altcoins seeing 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 area, a level that previously marked heavy accumulation during earlier cycles.
- While that remains a longer-term scenario, the loss of intermediate support has increased sensitivity to downside extensions.
Technical analysis
- XRP spent most of the session trading within a $1.90–$1.95 range before sellers forced a breakdown through the lower bound.
- The $1.93 area, which had acted as support through multiple tests, gave way during U.S. hours as volume expanded well above recent averages.
- The most decisive move occurred around 13:00 UTC, when price slid to $1.897 on volume of roughly 93.8 million tokens, around 78% above the 24-hour average.
- That move flipped the former support zone into resistance and confirmed a failure of the prior consolidation structure.
- On the hourly chart, XRP is now trading below its short-term moving averages, with momentum indicators rolling over rather than showing divergence. The inability to reclaim $1.93 quickly keeps the near-term bias tilted lower.
Price action summary
- XRP fell from $1.926 to $1.915 over the 24-hour period ending Dec. 22 at 02:00 UTC
- Price briefly spiked to $1.95 earlier in the session before reversing sharply
- A late-session push lower saw XRP trade down to $1.907 during the final hour
- Volume accelerated into the breakdown rather than fading, suggesting active selling rather than thin liquidity
Despite some dip-buying near $1.90, rebounds lacked momentum, and price failed to re-enter the prior range.
What traders should know
- $1.93–$1.95 now acts as a resistance band following the breakdown
- $1.90 is the first level bulls need to defend to prevent follow-through selling
- A clean loss of $1.77 would expose a much thinner demand zone until roughly $0.80, based on on-chain cost basis data
- Any recovery attempt needs a fast reclaim of $1.93 on rising 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.