Core Viewpoint - XRP is experiencing a price consolidation around $1.93 after failing to break through the resistance level of $1.97, indicating a fragile market condition despite signs of slowing downside momentum [1][2]. Market Context - The recent pullback in XRP's price is attributed to a lack of new catalysts, with trading largely influenced by positioning and technical levels [2]. - Institutional interest remains, as evidenced by steady inflows into spot XRP exchange-traded funds and low exchange balances, which have historically supported price rebounds but have not yet led to sustained increases [2]. - The broader cryptocurrency market has struggled to maintain momentum after an early-year rally, with Bitcoin and Ether also trading sideways, leading to a cautious risk appetite among traders [3]. Technical Analysis - XRP has struggled to maintain levels above the $1.97–$2.00 resistance zone, which has consistently acted as a barrier since January, resulting in a decline towards the $1.90–$1.93 support area [4]. - Momentum indicators show a bullish divergence, with the RSI printing higher lows while XRP's price makes lower lows, suggesting that selling pressure may be weakening [5]. - XRP remains below key short-term moving averages, indicating a neutral-to-bearish trend until it can reclaim and hold above resistance levels [6]. Price Action Summary - Over a 24-hour period, XRP's price fell from $1.97 to $1.93, with selling pressure intensifying near $1.97, confirming it as short-term resistance [7]. - Heavy trading volume on dips towards $1.90 has helped stabilize the price, although a late-session bounce back above $1.93 saw limited follow-through [7]. - The market is characterized by traders treating price rallies as selling opportunities and dips as tactical buys, a trend expected to continue until a decisive breakout occurs [9]. Future Outlook - If the $1.90 support level holds, the RSI divergence increases the likelihood of a short-term bounce back towards the $1.97–$2.00 range [8]. - A clean break and close above the $1.97–$2.00 zone would indicate that sellers are losing control, while a failure to hold $1.90 could lead to a deeper decline towards the $1.78–$1.80 demand area [8].