XRP Stalls Below $1.95 as Volume Spike Confirms Selling Pressure
XRP is consolidating around $1.90 after failing to break resistance near $1.95. A volume spike signals active selling pressure, with traders now watching key support at $1.89 and resistance at $1.95.
XRP is struggling to find direction, consolidating around the mark after a decline over the past 24 hours. A failed attempt to breach key resistance near was met with a surge in selling volume, leaving the digital asset caught between critical technical levels.
Volume Spike Signals Active Distribution
Price action remained contained within a tight range with volatility, reflecting market indecision rather than a broader capitulation, according to data.
A key development was a spike in trading activity around 22:00 UTC on Dec. 22. Volume surged to roughly tokens — about above the 24-hour average. This surge coincided with a sharp price rejection from resistance near , confirming that the move lower was driven by active selling rather than a passive drift.
The Trader's Playbook: Key Levels to Watch
Technical signals remain mixed, creating a challenging environment for traders. While some analysts note bullish divergences on momentum indicators, suggesting selling pressure may be weakening, others caution that remains below key moving averages on higher timeframes—a setup that has historically preceded deeper corrections.
The near-term outlook is now framed by these levels:
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