The price of XRP has dropped sharply, breaking the support level at $1.93, indicating increased selling pressure and repositioning in the market.
The trading volume has increased to 246% above the daily average, indicating significant participation from major players in the market.
The price remains under pressure below $1.88, with $1.93 now acting as a resistance level.
Market participants focused on liquidity conditions and risk reduction, with selling pressure escalating around previously defined support levels.
XRP dropped sharply in the last session as broader cryptocurrency markets faced renewed pressure to avoid risk.
Despite continued inflows of spot ETFs in recent weeks, short-term price action has been dominated by technical positioning rather than fundamental developments.
There was not one catalyst driving the movement, but rather a reflection of adjustments in positioning across major currencies, with XRP showing relative weakness compared to its peers as supply emerged at the highs.
XRP decisively broke below the support area at $1.93, a level that had withstood multiple tests in recent weeks. The breakout occurred with a significant increase in trading volume, indicating participation from large players rather than thin illiquid trading.
Total session volume was around 191 million tokens, about 246% above the daily average. The increased activity coincided with movement through $1.93, confirming acceptance below that level.
In shorter time frames, the price remained confined below $1.88, which now acts as a near-term resistance.
The structure on the hourly chart remains bearish, with lower highs and lower lows and limited follow-through on small rebounds. Momentum indicators remain compressed, suggesting that selling pressure has not exhausted yet.
XRP fell from just below $2.00 to a session low near $1.87.
$1.93 failed quickly on testing, with no sustainable buying response.
Price consolidated briefly between $1.86 and $1.88 following the breakout.
Volume remained high until the close, indicating ongoing re-positioning.
Volatility has notably extended, with XRP trading a relatively wide daily range compared to recent sessions.
$1.93 has flipped from support to resistance, remaining a key level to watch.
Continuous trading below $1.88 maintains short-term downward pressure.
$1.85 is the next meaningful area where buyers may attempt to stabilize the price.
Any recovery attempt likely needs to reclaim $1.93 with declining volume to signal reduced distribution.
Until that happens, XRP remains technically vulnerable, with price action driven more by flows and positioning rather than long-term accumulation signals.
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