XRP Consolidates Below $1.93, Bulls Eye $1.95 Resistance
Update: 2025-12-23
Description
XRPs recent price action has been characterized by a downtrend, with the cryptocurrency failing to surpass key resistance around $1.93. Despite a brief rebound, buyers lacked momentum to push prices higher. The markets reaction has been cautious, with high volume on the rejection indicating sellers offloading at peak prices. Analysts are divided, with some noting bullish divergences on momentum charts, while others warn of deeper drops if XRP stays below key moving averages. Currently, support is at $1.89, $1.87, and $1.77, while resistance clusters around $1.95 to $1.98. A push above $1.93 could flip the short-term outlook bullish, but a drop below $1.89 could open the door to more downside. XRP appears to be consolidating, with traders awaiting a clear break to determine if this is trend fatigue or a pause before further pressure builds.
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