XRP’s price recently dropped to 1.93 dollars after repeatedly failing to break above the 2.00 dollar resistance zone this Friday. According to the latest market reports, the asset faces a fragile consolidation in the absence of high-impact news, which has left the price at the mercy of XRP technical indicators and trader positioning.
Despite this pullback, institutional interest remains constant through positive flows in the cryptocurrency exchange-traded funds, which maintain a latent support. On the other hand, the balance of assets on exchanges continues to stand at multi-year lows, which has historically preceded solid recoveries when selling pressure decreases significantly, favoring buyers at these lower price levels.
In this context of general uncertainty, the global crypto market has struggled to find a clear direction after the early-year rally. However, many traders are treating the current scenario as a defined range, looking for tactical buying opportunities near the 1.90 dollar support, while rallies are used to liquidate positions in the face of resistance, showing great caution.
Signs of bullish divergence and critical support levels for price recovery
By looking closely at the daily chart, a bullish divergence is perceived in the Relative Strength Index, suggesting that bearish momentum is losing its strength. This technical formation, where the oscillator records higher lows, could anticipate a relief in prices, allowing the token to attempt again to attack the psychological ceiling located between levels of 1.97 and 2.00 dollars.
Likewise, the current market structure shows that although the price remains below the short-term moving averages, the trading volume increases significantly. This phenomenon occurs especially when the asset approaches the 1.90 dollar demand zone, where investors seem to be accumulating with the hope that XRP technical indicators finally confirm a local trend change, thus avoiding a fall toward 1.78 dollars.
Will the 1.90 dollar support manage to contain the selling pressure in the short term?
Future stability will depend exclusively on whether buyers manage to successfully defend the 1.90 dollar level during the upcoming trading sessions. Otherwise, if this fundamental support were to give way, the technical structure would weaken rapidly, opening the door to a deeper slide toward lower liquidity areas, which would force a rethink of strategies for most professional investors.
Finally, it is imperative that XRP recovers and manages to close daily candles above the current resistance zone to invalidate the neutral bias. As long as this scenario does not materialize, market participants will continue to operate with caution, closely monitoring every sign of a rebound to determine if sellers are losing total control over the price behavior of the digital asset.
