XRP Chart Analysis: A Pattern of Lower Highs and Continuous Selling Pressure

The daily chart for XRP reveals a clear picture of the struggle between buyers and sellers. Based on current data and technical analysis, the chart indicates a steady downtrend, with sellers dominating market dynamics. The current XRP price stands at $1.61, down by -3.12% over the past 24 hours, reflecting ongoing selling pressure.

Current Price Situation and Critical Levels

The current price at $1.61 indicates a significant pullback from previous levels. Daily timeframe analysis shows a sequence of lower highs—one of the strongest bearish signals. Every attempt by buyers to push higher is met with strong rejection from sellers, confirming that the market still respects the underlying bearish pressure.

Resistance at $1.95 and Support at $1.87–$1.88

At the $1.95 level, XRP has faced multiple strong rejections from the same supply zone. Each time the price attempts to reach this level, sellers step in forcefully and exert downward pressure. This confirms that $1.95 is a genuine resistance rather than a transient level.

On the downside, the demand zone at $1.87–$1.88 holds a significant strategic position. This level has withstood several breakout attempts, but increasing selling pressure suggests that the defensive strength may be limited. If XRP breaks this level with strong daily momentum, the price will head directly toward $1.83–$1.84, where no strong support levels are present between them.

Bearish Signals and Negative Trend

The chart clearly indicates: the trend remains bearish. The sequence of lower highs and the inability to surpass the $1.95 level with strong trading volume reflect seller dominance. The trend will only reverse if XRP decisively recovers the $1.95 level with high trading volume, which has not happened yet.

Cautious Trading Recommendations

The current situation is a risky zone for traders. We are trapped between strong resistance at $1.95 and a relative support at $1.87–$1.88, which is the worst case for making entry decisions. The potential reward versus the related risk is currently not favorable. The best move is to wait until the price clearly breaks one of these levels and closes there, providing a stronger and safer signal. The chart requires patience—smart traders wait for confirmation of the trend rather than risking in an uncertain area.