Le XRP s’est effondré après une consolidation de plusieurs jours samedi soir, passant en dessous de la zone de support de 1,93 $ alors que le volume élevé confirmait que les vendeurs étaient sous contrôle, même si les marchés plus larges de la cryptographie restaient mitigés.
News context
- The move comes amid a broader cooling of risk appetite in crypto, with bitcoin struggling to sustain recent rallies 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 mark earlier this month, with repeated bounces failing to spark sustained follow-through.
- On-chain data from Glassnode shows that below $1.77, realized supply drops significantly to the $0.80 area, a level that previously marked strong accumulation in previous cycles.
- Although this remains a longer-term scenario, the loss of intermediate support has increased the sensitivity to bearish extensions.
Technical analysis
- XRP spent most of the session trading in a range of $1.90 to $1.95 before sellers forced a breakout through the lower boundary.
- The $1.93 area, which had served as support during several tests, gave way during US hours as volume increased well above recent averages.
- The most decisive move occurred around 1:00 p.m. UTC, when the price dropped to $1.897 on volume of approximately 93.8 million tokens, approximately 78% above the 24-hour average.
- This move turned the former support area into resistance and confirmed the failure of the previous consolidation pattern.
- On the hourly chart, XRP is now trading below its short-term moving averages, with momentum indicators reversing rather than showing divergence. Failure to quickly recover $1.93 maintains the short-term bias to the downside.
Price Action Summary
- XRP rose from $1.926 to $1.915 in the 24-hour period ending December 22 at 02:00 UTC.
- The price briefly rose to $1.95 earlier in the session before reversing sharply.
- A late session decline saw XRP trading at $1.907 over the past hour.
- Volume accelerated to the breakout rather than fading, suggesting active selling rather than limited liquidity.
Despite some buying on the dips near $1.90, rebounds lacked momentum and the price failed to re-enter the previous range.
What Traders Need to Know
- $1.93 to $1.95 now acts as a resistance band after the breakdown
- $1.90 is the first level that bulls must defend to prevent further selling.
- A net loss of $1.77 would expose a much thinner demand zone down to around $0.80, based on basic on-chain cost data.
- Any recovery attempt requires a quick recovery 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.
