XRP Consolidates Below Resistance Amid Rising Selling Pressure
XRP is showing signs of hesitation as price action remains trapped near the $1.90 level, reflecting growing uncertainty among traders. Despite brief intraday rebounds, the asset has struggled to attract sustained buying interest, leaving the broader short-term trend unresolved.
XRP Price Action Reflects Market Indecision
Over the past 24 hours, XRP declined by 0.9%, failing to clear resistance near $1.95 and stabilizing just above $1.90. Price movement remained constrained within a 2.7% volatility range, signaling indecision rather than panic-driven selling. Multiple attempts to push higher were rejected, suggesting sellers continue to defend upper levels.
The inability to reclaim $1.95 keeps XRP capped below a key technical barrier, while repeated tests of the downside show buyers are cautious rather than aggressive. This sideways behavior often precedes a larger directional move, especially when combined with rising activity.
Volume Increase Signals Active Selling
Trading volume remained elevated, pointing to active participation rather than low-liquidity drift. Increased volume during a modest price decline typically suggests distribution and short-term profit-taking, rather than strong accumulation. XRP briefly dipped below $1.90, triggering stop orders, before rebounding modestly back into its consolidation zone.
Traders are closely watching support at $1.89, which has so far prevented a deeper pullback. A sustained move below this level could expose XRP to further downside. On the upside, resistance near $1.95 remains the primary hurdle. Until price decisively breaks above this zone, upside momentum is likely to remain limited.
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.