XRP has weakened after failing several times to hold levels near one point nine five dollars The cryptocurrency slipped below the one point nine three support area as sellers took control The move shows that XRP has been vulnerable since losing the two dollar level earlier this month
The recent breakdown happened late Saturday as XRP fell from a multi day consolidation zone The price moved below one point nine three with high volume showing that sellers were in control Even though the broader crypto market showed mixed performance XRP could not maintain its levels
Analysts note that repeated attempts to rebound have failed and price action shows limited follow through The on chain data shows that below one point seven seven dollars the supply thins significantly until around zero point eight dollars This level has been a strong accumulation zone in the past While that is a longer term scenario the loss of intermediate support increases the chance of further downside
During the session XRP traded mostly between one point nine zero and one point nine five dollars before sellers pushed it lower The one point nine three area which had acted as support several times gave way as volume rose above recent averages The decisive move occurred around thirteen hundred UTC when XRP slid to one point eight nine seven on volume of nearly ninety three point eight million tokens which is much higher than normal This move turned the former support into resistance and confirmed a failure of the previous consolidation
On short term charts XRP is trading below its moving averages Momentum indicators are turning lower showing weakness and the inability to reclaim one point nine three quickly keeps the bias tilted to the downside
Over the past twenty four hours XRP fell from one point nine two six to one point nine one five Price briefly spiked to one point nine five earlier before reversing sharply A late session push lower saw the price fall to one point nine zero seven Volume increased during the breakdown showing active selling rather than thin liquidity Attempts to buy dips near one point nine zero had little effect and rebounds lacked momentum
Traders should note that the one point nine three to one point nine five range now acts as resistance Bulls need to defend one point nine zero to prevent further selling A clear loss of one point seven seven could expose the thin demand zone down to zero point eight Any recovery will require a fast reclaim of one point nine three on rising volume to change the current weak setup
XRP remains in a fragile technical position Sellers are controlling rallies and buyers are showing limited strength at higher levels Repeated failures near one point nine five and the breakdown below one point nine three signal that the token could face further downside if key support levels fail Traders should watch one point nine zero and one point seven seven closely as these levels will influence the near term direction
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