XRP price weakens at critical level, raising risk of deeper pullback
CoinDesk
XRP price is weakening after breaking below the $1.93 support level amid high trading volume, increasing pullback risk.Summary
The XRP price is showing weakness after decisively breaking below the critical $1.93 support zone, which now acts as resistance, raising the risk of a deeper market pullback. This breakdown occurred alongside a significant surge in trading volume—about 246% above the 24-hour average—suggesting participation from larger market players in repositioning. Price action remains capped below $1.88, maintaining a bearish structure on lower timeframes. Traders should watch $1.93 as the key level to reclaim; until then, downside pressure remains intact, with $1.85 being the next potential stabilization area. The decline reflects broader market positioning adjustments rather than specific fundamental news.
(Source：CoinDesk)