XRP pulled back as the token continued to trade without a fresh headline catalyst, leaving price action largely dictated by positioning and key technical levels rather than new fundamental developments.
The token slipped to around $1.93 after multiple attempts to push higher were met with selling near the $1.97 level. That rejection has kept XRP trapped in a fragile consolidation range, even as early signs suggest downside momentum may be starting to ease.
News background
With no new XRP-specific catalysts, market participants have focused on flows and broader risk sentiment. Institutional interest remains quietly supportive in the background, with spot XRP exchange-traded funds continuing to post steady inflows and exchange balances hovering near multi-year lows. While this backdrop has supported rebounds in the past, it has yet to spark a sustained upside move.
Across the wider crypto market, momentum has faded following the early-year rally. Bitcoin and ether have largely traded sideways, while risk appetite has remained uneven. In that environment, XRP has been particularly sensitive to short-term flows, with traders consistently selling into strength rather than chasing upside breakouts.
Technical analysis
From a technical perspective, XRP once again failed to hold above the $1.97–$2.00 zone, an area that has acted as persistent resistance since early January. The rejection pushed price back toward the $1.90–$1.93 support region, where buyers have repeatedly stepped in during recent sessions.
At the same time, momentum indicators are beginning to diverge from price action. On the daily chart, the relative strength index (RSI) has started to form higher lows even as XRP printed marginally lower price lows — a classic bullish divergence that points to weakening selling pressure. While such setups have often preceded short-term relief rallies, they do not signal immediate reversals on their own.
Structurally, XRP remains below key short-term moving averages, keeping the near-term trend neutral to bearish until price can reclaim and sustain levels above resistance.
Price action summary
- XRP declined from $1.97 to $1.93 over the past 24 hours
- Selling pressure intensified near $1.97, reinforcing it as short-term resistance
- Elevated volume appeared on dips toward $1.90, helping stabilize price
- A late-session bounce lifted XRP back above $1.93, though follow-through remained limited
Overall, the market remains caught between early stabilization signals and persistent overhead supply.
If support near $1.90 continues to hold, the developing RSI divergence increases the likelihood of a short-term bounce toward the $1.97–$2.00 resistance zone. A decisive break and close above that area would be the first indication that sellers are losing control.
Conversely, a sustained move below $1.90 would weaken the structure and expose XRP to a deeper pullback toward the next demand zone around $1.78–$1.80.
