XRP experienced a decline in the last 24 hours as its recovery from the weekend’s lows faltered below important resistance levels, leaving traders to evaluate early signs of stabilization against a still-weak technical backdrop.
Market overview
XRP dropped approximately 0.9% during the 24 hours ending Dec. 23, falling from about $1.92 to $1.90 after failing to maintain upward momentum toward resistance around $1.95. The price movement stayed within a relatively narrow range, exhibiting total volatility of about 2.7%, indicative of uncertainty rather than capitulation.
Selling pressure increased late Sunday as XRP was turned away at approximately $1.93, causing it to fall below the critical psychological level of $1.90. This rejection further solidified a trend of lower highs observed in recent trading sessions, keeping short-term momentum skewed downward.
Technical analysis
The most active trading occurred around 22:00 UTC on Dec. 22, with volume peaking at around 74.5 million tokens — about 68% higher than the 24-hour average. This spike coincided with a sharp rejection from resistance near $1.93, confirming active selling rather than a passive drift.
After this breakdown, XRP momentarily fell to the $1.89 area, where buyers intervened to support the price. On shorter timeframes, the decline showed signs of decelerating, with successive candles maintaining above the session low close to $1.893. A brief rebound followed, pushing prices back toward the $1.90–$1.91 range, though without significant follow-through.
Price action summary
- XRP could not maintain upward gains above $1.93 after testing resistance near $1.95
- High volume accompanied the rejection, indicating distribution at elevated levels
- Price briefly dropped below $1.90 before stabilizing in the $1.89–$1.90 range
- Subsequent rebound efforts lacked momentum, keeping the range unchanged
In summary, the session concluded as a consolidation rather than a continuation in either direction.
What traders should watch
Technical indicators remain mixed. Some analysts highlight emerging bullish divergences on momentum indicators, suggesting that selling pressure may be diminishing near recent lows. Others warn that XRP continues to trade below key moving averages on longer timeframes, a configuration that has historically preceded deeper corrections when maintained.
Key levels now outline the near-term outlook:
- Support: Initial support is found near $1.89, followed by deeper levels around $1.87 and $1.77
- Resistance: Overhead resistance remains concentrated near $1.95–$1.98, with moving averages strengthening that zone
- Bias: A sustained move above $1.93 is necessary to enhance short-term structure, while a clear breakdown below $1.89 would reintroduce downside risks
Until either of these levels shifts, XRP seems trapped in a consolidation phase, with traders on the lookout for clearer signs of either trend exhaustion or renewed downward momentum.
