XRP Price Breaks Key Support as Selling Pressure Builds Below $1.93

XRP price slipped below a critical support zone late Saturday, signaling renewed downside pressure after breaking out of a multi-day consolidation. The token fell under the $1.93 level on elevated trading volume, confirming that sellers had taken control even as the broader cryptocurrency market showed mixed signals. While bitcoin and other major altcoins avoided sharp sell-offs, XRP proved more vulnerable, extending a technically fragile setup that has been forming for weeks.

The latest XRP price action comes amid a cooling in overall risk appetite across crypto markets. Bitcoin has struggled to hold recent rebounds, and large-cap altcoins are facing selective selling rather than broad capitulation. Analysts point out that XRP has remained under pressure since losing the psychological $2.00 level earlier this month. Multiple bounce attempts failed to gain traction, leaving the market susceptible to a breakdown once key support was tested again.

During the session, XRP traded in a relatively tight $1.90 to $1.95 range before sellers forced a decisive move lower. The $1.93 area, which had held as support through several tests, broke during U.S. trading hours as volume surged well above recent averages. The most aggressive sell-off occurred around 13:00 UTC, when XRP slid to approximately $1.897 on volume nearly 78% higher than the 24-hour average. This move flipped former support into resistance and confirmed the failure of the prior consolidation structure.

On shorter time frames, XRP now trades below its key short-term moving averages, with momentum indicators rolling over rather than signaling bullish divergence. Although some dip-buying emerged near $1.90, rebounds lacked strength and failed to push price back into the previous range. Over the 24-hour period ending Dec. 22 at 02:00 UTC, XRP declined from roughly $1.926 to $1.915 after briefly spiking near $1.95 earlier in the session.

From a broader perspective, on-chain data adds to the caution. According to Glassnode, realized supply thins significantly below $1.77, with limited historical demand until around the $0.80 level, an area associated with heavy accumulation in earlier cycles. While such a move remains a longer-term scenario, the loss of intermediate support increases sensitivity to further downside extensions. For now, XRP remains technically fragile, with sellers dominating rallies and buyers showing limited conviction unless the price can quickly reclaim the $1.93 resistance zone on strong volume.