XRP slipped to $1.93 after repeated attempts to push higher ran into selling pressure near $1.97, locking the token in a fragile consolidation despite growing signs that downside momentum may be slowing.
Repeated Rejection at $1.97 Caps Recovery Attempts
Over the past 24 hours, XRP twice approached the $1.97 level but was swiftly turned back. The rejections triggered a dip toward $1.90, where buyers stepped in to provide support, lifting the price back above $1.93 by late trading. Volume data shows heavy activity near $1.90, helping stabilize the price, but follow-through buying remained absent, leaving the rebound shallow.
RSI Divergence: Early Signal of Weakening Selling Pressure
From a technical perspective, the daily chart reveals a bullish divergence: while XRP's price made marginally lower lows, the Relative Strength Index (RSI) printed higher lows. This classic divergence pattern suggests that selling momentum is fading. Historically, similar setups have preceded relief rallies, though they do not guarantee an immediate reversal.
Structurally, XRP remains below key short-term moving averages, keeping the broader trend neutral-to-bearish. A decisive reclaim of the $1.97–$2.00 zone would be needed to confirm a shift in control away from sellers.
$1.90 Support: The Dividing Line for Near-Term Direction
Right now, all eyes are on $1.90. This level has held as a demand zone across multiple sessions, and its defense is critical for any short-term bounce. If buyers continue to defend $1.90, the RSI divergence increases the odds of a move back toward $1.97–$2.00. Conversely, a break below $1.90 would quickly weaken the structure, opening the door to a deeper slide toward the next support cluster near $1.78–$1.80.
On the institutional side, spot XRP ETFs continue to see steady inflows, and exchange balances remain near multi-year lows — factors that have supported prior recoveries. However, the broader crypto market lacks a fresh catalyst, with bitcoin and ether trading sideways and risk appetite fragmented. In this environment, XRP remains highly sensitive to short-term flows, and traders continue to sell into strength rather than chase breakouts.
In short, XRP is caught between early stabilization signals and clear overhead supply. Whether $1.90 holds or breaks will likely determine the next leg of the move.