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.
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.
This content is AI-generated based on source articles. While we strive for accuracy, errors may occur. We recommend verifying with the original source.
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