Profit-Taking in Bitcoin Weighs on XRP, ETF Flows Still Holding Strong

XRP Pulls Back From Resistance as Institutional Selling Accelerates

XRP failed to break the $2.09–$2.10 ceiling on Wednesday, retreating to the $2.00 psychological level as institutional flows surged 54% above the weekly average. The move reflects strategic distribution rather than retail panic, while ongoing ETF inflows continue to compress supply beneath the surface.

Key Takeaways

• XRP declined 4.3% from $2.09 to $2.00, underperforming the broader crypto market by roughly 1%.
• Peak intraday volume reached 172.8 million tokens—205% above the daily average—at $2.08, confirming the failed breakout.
• Session volume ran 54% above the 7-day average, signaling institutional distribution rather than emotional selling.
• Exchange balances fell from 3.95B to 2.6B tokens over the past 60 days, tightening supply even as price action remains compressed within a multi-month triangle.

Market Context

• U.S. spot XRP ETFs posted over $170 million in weekly inflows, maintaining a streak of zero outflows.
• Heavy selling persists in the $2.09–$2.10 band, where XRP has repeatedly failed.
• Market makers had highlighted rising distribution pressure above $2.10 ahead of Wednesday’s move.
• XRP lagged broader crypto, with the CD5 index down 3.1%, indicating the weakness was token-specific rather than macro-driven.

Price Action Snapshot

• Intraday range: 5.4%, triggered by resistance rejection and high-volatility unwind
• Peak volume: 172.8M at 19:00 UTC (205% above daily average)
• Resistance: $2.08–$2.10
• Late-session support: $1.999–$2.005
• Relative performance: Lagged broader crypto by ~1%