Breakdown below key support puts XRP at risk of deeper downside
XRP has come under renewed selling pressure after failing multiple times to sustain gains near $1.95, a level that has capped recent recovery attempts. The latest move lower reflects a broader loss of momentum, with price slipping below an important support zone and reinforcing concerns about near-term downside risk.
Over the 24-hour period ending Dec. 22 at 02:00 UTC, XRP declined from $1.926 to $1.915, extending losses after briefly spiking to $1.95 earlier in the session. That move higher was short-lived, as sellers quickly stepped in, forcing a sharp reversal. By the final hour of trading, XRP dipped as low as $1.907, underscoring persistent selling interest.
The critical development was the loss of support around $1.93, which marked the lower boundary of a recent consolidation range. The breakdown occurred alongside accelerating volume, signaling active distribution rather than a low-liquidity drift.
XRP has remained vulnerable since losing the $2.00 psychological level, with each rebound attempt failing to establish higher highs. Current price action reflects lower highs and continued downside pressure, suggesting sellers remain firmly in control.
A key level now sits near $1.77. A decisive move below this area could expose XRP to a sharper decline, with the next major support region not appearing until around $0.80, based on historical demand zones.
Unless XRP can reclaim and hold above the broken $1.93–$1.95 zone, the technical outlook remains fragile. Continued rejection at former support-turned-resistance would keep downside risks elevated, leaving traders focused on whether buyers can defend remaining support or if further losses unfold.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.