What you need to know:
● XRP decreased by 0.9% over the last 24 hours, failing to break resistance around $1.95 and stabilizing around $1.90.
● Increased trading volume indicated significant selling pressure, with the price briefly dropping below $1.90 before recovering.
● Traders are monitoring key support at $1.89 and resistance near $1.95 for trend direction signals.
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XRP has declined over the last 24 hours after a recovery attempt from weekend lows stalled below a key resistance level, leaving traders pondering between the first signs of stabilization and a still fragile technical structure.
Market Overview
XRP has decreased by about 0.9% over the 24-hour period ending December 23, dropping from approximately $1.92 to $1.90 after an unsuccessful attempt to break through resistance around $1.95. The price movement remained within a relatively narrow range with an overall volatility of about 2.7%, reflecting indecision rather than uncertainty.
Pressured selling intensified late Sunday evening when XRP was rejected near the $1.93 mark, prompting a move back below the psychological level of $1.90. This rejection confirmed the pattern of lower highs characterizing recent sessions, keeping short-term momentum in a downward trend.
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Technical Analysis
The most intense trading activity occurred around 22:00 Coordinated Universal Time (UTC) on December 22, when trading volume surged to approximately 74.5 million tokens — about 68% above the 24-hour average. This spike coincided with a sharp bounce from the resistance level around $1.93, confirming active selling rather than passive fluctuation.
After the correction, XRP briefly dropped to around $1.89, where buyers intervened to stabilize the price. On lower timeframes, the decline showed signs of slowing, with consecutive candles holding above the session low around $1.893. A short-term bounce followed, pushing the price back into the $1.90–$1.91 area, though without decisive continuation of movement.
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Price Dynamics Summary
● XRP failed to hold the rise above $1.93 after testing resistance around $1.95.
● Increased volume accompanied the rejection, signaling distribution at higher levels.
● The price briefly fell below $1.90 before stabilizing in the $1.89–$1.90 range.
● Subsequent recovery attempts lacked sufficient momentum, keeping the range unchanged.
Overall, the session ended in consolidation rather than a continuation of movement in either direction.
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What traders should pay attention to
Technical signals remain ambiguous. Some analysts point to emerging bullish divergences on momentum indicators, suggesting a potential easing of selling pressure at recent lows. Others warn that XRP continues to stay below key moving averages on higher timeframes, which historically preceded deeper corrections while maintaining this position.
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Key levels now define the short-term outlook:
Support:
Initial support is around $1.89, followed by deeper levels near $1.87 and $1.77.
Resistance:
The supply off the market remains focused near levels $1.95–$1.98, with moving averages confirming this zone.
Bias:
A sustained recovery above $1.93 will be required to improve the short-term structure, while a confident break below $1.89 will reopen the risk of a decline.
As long as one of these levels is not broken, XRP appears to remain in a consolidation phase, with traders waiting for clearer confirmation of either trend exhaustion or renewed downward pressure.
