XRP Breaks Key Support at $1.93, Exposing Risk of Plunge Toward $0.80

XRP price broke below key support at $1.93, with technical and on-chain data suggesting a potential drop toward $0.80 if the $1.77 level fails. Get the latest analysis and key levels to watch.

XRP has broken down from a critical support level, with sellers taking firm control and technical indicators pointing to further downside. On-chain data suggests a failure to hold $1.77 could trigger a precipitous fall to the next major demand zone near $0.80.

The cryptocurrency slipped below the $1.93 support zone late Saturday, ending a multi-day consolidation phase, according to CoinDesk data. The move was confirmed by a surge in trading volume, indicating active selling pressure rather than a simple lack of liquidity.

The Breakdown by the Numbers

The most decisive move occurred around 13:00 UTC, when the price slid to $1.897. Volume during that push was roughly 93.8 million tokens, approximately 78% above the 24-hour average. This action effectively flipped the former support at $1.93 into new resistance.

This weakness comes as broader risk appetite cools across crypto markets. Analysts noted XRP has been particularly vulnerable since losing the psychological $2.00 handle earlier this month, with subsequent rebound attempts failing to gain traction.

Key Levels for TradersFollowing the breakdown, traders should monitor three critical price zones:Resistance: The $1.93–$1.95 band is now the immediate ceiling. A swift, high-volume reclaim of this area is needed to neutralize the bearish outlook.Immediate Support: Bulls must defend the $1.90 level to prevent further follow-through selling.The Danger Zone: A clean break below $1.77 is the main concern. On-chain data from Glassnode shows that realized supply thins out significantly below this level, with the next heavy accumulation zone not appearing until around $0.80.

PRISM Insight: PRISM InsightThe sharp, volume-backed breakdown in XRP isn't just an isolated event; it's a potential canary in the coal mine for the altcoin market. While Bitcoin remains range-bound, the failure of a large-cap like XRP to hold a key level suggests underlying fragility and a low appetite for risk. Investors should watch if this weakness spreads to other major altcoins, which could signal the next major leg down for the broader market.

For now, XRP remains in a technically fragile position. Sellers are controlling rallies, and buyers are showing limited conviction, keeping the near-term bias tilted firmly to the downside.

The Breakdown by the Numbers

相关文章