XRP Price Slides After Failed Breakout as Technical Breakdown Signals Short-Term Bearish Control

XRP price weakened over the past 24 hours as the token lost a key technical support level following a failed breakout attempt, signaling a shift toward short-term bearish control. XRP declined roughly 2.6%, sliding from around $1.95 to near $1.90, mirroring broader crypto market fatigue and reduced risk appetite among traders.

The pullback was not driven by new fundamental news or catalysts. Instead, the move developed in a technically sensitive area where bullish positioning had increased after earlier rebound attempts. XRP struggled to maintain momentum above resistance, and once prices stalled, selling pressure resurfaced, particularly during the European trading session. This selling overwhelmed existing bids and pushed the asset back into a vulnerable technical structure.

A decisive factor in the move was the breakdown below the $1.93 Fibonacci level, a zone that previously acted as a pivot during consolidation. Losing this level marked a clear technical failure and shifted short-term market structure back in favor of sellers. Volume data reinforced the bearish signal, with trading activity surging more than 100% above daily averages, suggesting active distribution rather than a low-liquidity pullback.

Price action showed XRP trading within a roughly $0.09 intraday range, initially rallying toward $1.95 before reversing sharply. Once the price slipped back into the $1.92–$1.94 zone, systematic selling accelerated, confirming that the recent rally was rejected rather than extended. XRP later stabilized near $1.90, where selling pressure eased and volume began to normalize.

For traders, the $1.93 level now represents immediate resistance. Any meaningful recovery would require a reclaim of this zone with strong volume to neutralize bearish momentum. On the downside, the $1.88–$1.90 area remains critical short-term support. A sustained break below this range could expose deeper support levels, while successful defense may allow XRP to consolidate before its next directional move. Volume behavior on future rallies and dips will remain a key signal in determining whether XRP transitions from breakdown to stabilization.