XRP Price Plunges as Critical Support Level Shatters - What’s Next for the Digital Asset?

XRP just got a brutal reality check. Its key support level didn't just bend—it snapped, sending the price into a tailspin and leaving traders scrambling.

The Technical Breakdown

For weeks, that support level held firm, acting as a psychological floor for the market. Its collapse wasn't a gentle dip; it was a decisive break that triggered automated sell-offs and panic-driven exits. The charts now show a clear breach, opening the door to further downside.

Market Sentiment Takes a Hit

This kind of move shakes confidence. It turns cautious optimism into defensive positioning. Suddenly, every minor rally looks like a potential dead-cat bounce to seasoned chart watchers—a classic move in an asset class where 'fundamentals' often take a backseat to herd mentality and leveraged speculation.

The Road Ahead for XRP

All eyes are now on the next major support zone. Can it hold where the last one failed? The coming sessions will test buyer conviction. A swift recovery above the lost level could signal a false breakdown, but sustained trading below it paints a bearish picture for the near term.

Remember, in crypto, a broken support level today can become fierce resistance tomorrow—until the next narrative shift convinces everyone to buy the dip, of course. It's the circle of life in digital asset trading, where technicals are gospel until they're inconvenient.

On December 22, XRP, one of the leading altcoins, broke below the crucial support level of $1.93, signaling a weakened technical outlook as selling pressure intensified. This move occurred during a mixed day in the cryptocurrency market, with Bitcoin$88,749.78 struggling to maintain recent recoveries and major altcoins facing selective pressure. Since losing the $2.00 level at the start of the month, attempts at a reactive rally for XRP have failed to gain sustained momentum. In the short term, the defense of the $1.90 level has become a boundary for further downward movement.

XRP Sellers Gain Control After Support Break

On Saturday night, XRP moved downwards from consolidation, breaking below $1.93. As trading volume increased, it became clear that sellers were in control. For most of the session, XRP traded between $1.90 and $1.95, but a loss of the $1.93 support, especially during U.S. trading hours, turned the trend downward. With the lower boundary of the range breached, $1.93 has now become resistance for any recoveries.

The most notable movement was observed on Saturday at 16:00, when the price fell to $1.897 while volume spiked to about 93.8 million coins, approximately 78% above the 24-hour average. Attempts to retest $1.95 were firmly rejected throughout the day. Towards the end of the day, sales accelerated, and XRP dipped to $1.907. Over the 24-hour window ending at 03:00, the price shifted from $1.926 to $1.915.

Focus on the $1.90 Defense and $1.77 Threshold

In the technical chart for XRP, the $1.93–$1.95 range now acts as resistance, while $1.90 serves as the first line of defense. On the hourly chart, XRP is trading below short-term moving averages. Momentum indicators exhibit a downward trend rather than divergence, supporting a bearish direction.

Further downward, the $1.77 level emerges as a critical threshold. According to Glassnode’s blockchain-based cost data, there is an area below $1.77 where the realized supply decreases, with the next major support around $0.80. This region is recognized for experiencing strong accumulation in past cycles. Although this scenario indicates a longer-term risk, the loss of intermediary support increases vulnerability to extended declines. A recovery attempt WOULD require reclaiming $1.93 with increased volume.