XRP fell slightly during a volatile session, but the drop was accompanied by sharply high volume – a signal that big players were active even as the price struggled to hold key technical levels.
News context
- Crypto markets swung sharply on Thursday following a weaker-than-expected U.S. CPI reading, which briefly lifted bitcoin above $89,000 during U.S. opening hours.
- This move quickly faded, however, with the crypto once again lagging stocks, which remained firmly positive on the day.
- This rapid reversal reinforced a pattern that has become familiar in recent weeks: crypto macro rallies struggling to maintain momentum as positioning fades and sellers reassert control.
- Against this backdrop, XRP remained under pressure after failing to reclaim the $2.00 zone earlier this month – a level that many analysts view as a structural inflection point.
Technical analysis
XRP continues to trade below its major moving averages, with the loss of the $1.93-$2.00 area maintaining the broader structure to the downside. Former support near $1.93 has now turned into resistance, aligning with key Fibonacci retracement levels and capping rebound attempts.
While daily momentum indicators are showing early signs of stabilization – including a bullish RSI divergence reported by several technicians – price has yet to confirm this signal. Until XRP can regain ground above near-term resistance, rallies remain vulnerable to further selling.
Price Action Summary
XRP fell 1.2% to $1.84 during the session, trading within a wide range of $0.10, or about 5.4%. The price initially recovered from near support at $1.84 before rising to $1.93 on heavy volume, only to reverse sharply as sell orders appeared at the resistance level.
Trading volume surged as much as 147% above the 24-hour average during the afternoon sell-off, peaking at nearly 155 million tokens as XRP fell back toward session lows. The most intense activity was concentrated near the highs and on the subsequent breakout, suggesting a distribution rather than a panic-driven selloff.
Late trading saw XRP stabilize just above $1.84, but bids remained low and further buying was limited as the token closed below all major short- and medium-term trend markers.
What Traders Need to Know
- Support: $1.84 is the immediate level to watch, with deeper support near $1.73 and macro support around $1.64.
- Resistance: $1.93 remains the first major high, followed by $1.98 and the psychological zone of $2.00.
- Audible signal: High activity without further increase indicates positioning and distribution
- Bias: Cautious below $1.93; technical relief gatherings need confirmation
Until XRP can reclaim its former support with sustained acceptance, price action suggests that a consolidation or further decline remains more likely than a sharp reversal – even as momentum indicators suggest that selling pressure could slow.
