XRP has fallen below the $1.93 mark, driven by weak support and heightened selling pressure, according to recent on-chain data. The cryptocurrency struggled to maintain its position near $1.95, with market sentiment deteriorating as indicated by the fear and greed index.
The data also reveals a thin realized supply below $1.77, suggesting limited support in this range. Meanwhile, the $0.80 level is identified as a significant accumulation zone. XRP is currently trading below key short-term moving averages, with no immediate signs of a recovery above $1.93.
XRP Drops Below $1.93 Amid Increased Selling Pressure
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