XRP slides to $1.93, shrugging off initial signs of a technical bounce

XRP edged lower as the market continued to trade without a clear headline driver, leaving the token’s near-term direction shaped mainly by positioning, flow dynamics, and technical thresholds.

Price slipped to around $1.93 after repeated rallies stalled near $1.97, where sellers consistently stepped in. The failure to clear that level has kept XRP locked in a narrow consolidation range, even as indicators hint that bearish momentum may be starting to fade.

Market backdrop

With no new XRP-specific developments, traders have focused on broader market conditions and liquidity flows. Institutional demand has remained a quiet support, as spot XRP exchange-traded funds continue to attract inflows and exchange balances sit near multi-year lows. While this backdrop has helped cushion prior pullbacks, it has yet to produce a sustained upside breakout.

Across the wider crypto market, follow-through has been limited since the early-year rally. Bitcoin and ether have moved largely sideways, while risk appetite has fluctuated. In that setting, XRP has remained highly sensitive to short-term positioning, with market participants repeatedly selling into rallies rather than committing to upside continuation.

Technical picture

Technically, XRP was again rejected in the $1.97–$2.00 region, an area that has capped price advances since early January. That rejection sent price back toward the $1.90–$1.93 support zone, where dip buyers have emerged multiple times in recent sessions.

Momentum indicators are beginning to diverge from price action. On the daily chart, the relative strength index (RSI) has started to form higher lows while price has made slightly lower lows — a bullish divergence that typically signals waning selling pressure. Such setups have often preceded short-term rebounds, though they do not confirm an immediate trend reversal.

XRP remains below key short-term moving averages, keeping the broader near-term structure neutral to bearish until resistance is reclaimed.

Price action recap

XRP declined from $1.97 to $1.93 over the past 24 hours
Selling pressure strengthened near $1.97, reinforcing it as near-term resistance
Strong volume emerged on dips toward $1.90, helping stabilize price
A late bounce lifted XRP back above $1.93, but momentum quickly faded

Overall, the market remains balanced between early signs of stabilization and persistent overhead supply.

If support at $1.90 continues to hold, the RSI divergence increases the probability of a short-term rebound toward the $1.97–$2.00 zone. A decisive break and close above that area would suggest sellers are losing control.

If $1.90 fails, the structure deteriorates, opening the door to a deeper move toward the next demand area around $1.78–$1.80.