$XRP trades at 1.8793, down 2.85%, showing sharp volatility after rejecting the 1.9464 high. Price dipped to a 24h low at 1.8719 and is now hovering just above short-term support.
Key Levels: Resistance: 1.90 – 1.93, major supply near 1.946 Support: 1.872 – 1.868, breakdown risks deeper pullback
Trend & Momentum: On the 1H chart, price is below MA(25) 1.8998 and MA(99) 1.9123, confirming short-term bearish pressure. MA(7) at 1.8879 acting as immediate resistance. Recent bounce lacked strength, signaling sellers still in control.
Volume & Activity: 24h Volume: 77.41M XRP USDC Volume: 147.40M Volume spike on sell candles shows aggressive distribution after the rejection.
Outlook: As long as XRP stays below 1.90, downside pressure dominates. A clean hold above 1.87 may trigger a relief bounce, but a loss of support could accelerate selling toward lower demand zones. Bulls need a strong reclaim above 1.90 to flip momentum.
