Recently, XRP's price performance has not been ideal overall. Previously, it oscillated between $1.86 and $1.87 for most of the time, a range that the market originally viewed as a "relatively safe support level," meaning that when the price drops here, there are often buyers stepping in to support it.

However, as trading progressed, selling pressure gradually increased, and XRP could not maintain this key position, causing its price to be pushed down to a lower range. It's important to note that the role of $1.87 has changed: it is no longer a support level but has transformed into a "resistance level" that the price wants to reclaim in the short term. If the price cannot recover this position, the trend will often be quite challenging.

From the intraday trend, during the process of XRP dropping from $1.878 to $1.86, the trading volume clearly increased, indicating that a significant amount of capital chose to sell during the decline. Especially in the small drop from $1.867 to $1.865, the trading volume suddenly surged, suggesting that this decline was more like a concentrated sell-off rather than a gradual natural decline.

In the past 24 hours, XRP has fallen from $1.8942 to $1.8635, with an overall decline of about 2.1%, which is considered a mild correction. Currently, the price has entered a new consolidation range, with short-term support likely around $1.86 to $1.855. If this area can hold, the price may first trade sideways; however, if buying pressure continues to be weak, further declines cannot be ruled out.

According to the latest data, XRP is currently priced at about $1.85, having dropped approximately 1.62% in the last 24 hours. For newcomers to the cryptocurrency world, it is currently more suitable to observe, focusing on whether the support level can hold, before deciding on the next steps.