Market Overview for XRP/Tether (XRPUSDT): Bearish Momentum and Oversold Conditions

Summary
• Price opened at $1.994 and closed near $1.913, showing a bearish 24-hour trend.
• A sharp selloff after 15:00 ET pushed price below key support at $1.95 and into a 61.8% Fibonacci level.
• Volume surged during the decline, confirming bearish momentum, while RSI hit oversold territory.

The XRP/Tether pair opened at $1.994 on 2025-12-14 at 12:00 ET, reached a high of $2.0143, and closed at $1.913 by 12:00 ET on 2025-12-15. Total trading volume over the 24-hour period was approximately 64.9 million XRP, with a notional turnover of around $122.7 million USD.

The 5-minute chart displayed a strong bearish bias after a large engulfing pattern formed around 15:00 ET, triggering a sharp decline. Price moved below key support at $1.95 and into the 61.8% Fibonacci retracement level of the prior upward swing. The RSI indicator hit oversold territory near 25, suggesting potential for a near-term bounce.

Bollinger Bands widened during the selloff, indicating rising volatility, while MACD lines showed bearish divergence with negative momentum. Volume increased significantly during the decline, confirming downward pressure, though a lack of follow-through buying may limit further losses.

Looking ahead, a retest of the $1.95 level could trigger a short-covering bounce, but a break below $1.91 may signal more aggressive bearish pressure. Investors should remain cautious of possible short-term rebounds, but watch for renewed selling into any potential oversold rallies.