Among the leading altcoins XRPThe price broke out of a multi-day squeeze phase on December 22, falling below the $1.93 support zone, and the technical outlook weakened as selling was confirmed by increased volume. The move came on a day when the cryptocurrency market was mixed. Bitcoin 
$88,896.18 Selective pressure came to the fore in major altcoins as they struggled to maintain recent recoveries. The reaction rallies attempted since XRP lost the $2.00 level at the beginning of the month have failed to produce lasting momentum. In the short term, the $1.90 defense has become the boundary line for a new move to the downside.
Breaking of 1.93 Support Strengthened Sellers’ Hands
XRP broke away from consolidation on Saturday night, falling below $1.93. Increasing transaction volume has clarified seller control. The price, which moved in the range of $ 1.90-1.95 for most of the session, turned downward when it lost the region where $ 1.93 served as support with multiple tests, especially during the US trading hours. With the lower limit of the range being broken, around 1.93 is now seen as resistance in returns.
The most significant movement was seen on Saturday at 16:00 GMT. Volume is approximately 93.8 million units as price drops to $1,897 coinand settled approximately 78 percent above the 24-hour average. An attempt at $1.95 during the day was harshly rejected. As sales accelerated again towards the last hour, XRP dropped to $1,907. In the 24-hour window ending today at 03:00 GMT, the price decreased from $ 1,926 to $ 1,915.
1.90 Defense and 1.77 Threshold Watched Closely
XRP coin In the technical chart, the $1.93-$1.95 band is resistance and $1.90 is the first line of defense. On the hourly chart, XRP is trading below short-term moving averages. Momentum indicators, on the other hand, show a downward trend rather than producing divergence. The failure to quickly reclaim $1.93 keeps the short-term outlook on the downside.
Below, the $1.77 level stands out as a critical threshold. glassnode According to cost-based in-Blockchain data based on data, there is a region of decreasing realized supply below $1.77, and the next major support is around $0.80. The region is known as the region where strong accumulation was seen in past cycles. Although this scenario points to a longer-term risk area, the loss of intermediate support increased sensitivity to downside extension. For possible recovery attempts, it is essential that $1.93 is regained with increased volume.
