XRP faced another choppy trading day on Monday, briefly breaking below the key $2.00 threshold before bouncing back. The market now sits at a crucial juncture: a sustained push above $2.05–$2.07 is needed to flip momentum bullish, while another drop under $2.00 could accelerate the downside.
The dip below $2.00 came amid a broader risk-off mood across the crypto market. Trading volume soared to 149.1 million — more than twice the daily average — confirming that institutional sellers were active participants in the move. Despite ongoing inflows into spot XRP ETFs, short-term performance remains dictated by technical structure rather than fundamental flows.
Recent data points paint a cautious backdrop:
- Whale wallets show mixed movement, with slight net distribution in the last 48 hours
- Derivatives open interest has declined, indicating reduced leveraged exposure
- ETF demand remains strong but has yet to provide meaningful short-term price support
Technically, slipping beneath $2.00 signaled a clear structural setback, extending a pattern of lower highs throughout the session. The volume spike during the drop suggests the move was driven by aggressive selling rather than thin liquidity. Attempts to rebound were repeatedly capped at the $2.05–$2.07 resistance zone, keeping XRP stuck near $2.02 as volatility compressed into a tightening formation.
Still, buyers continue to defend the area just above $2.00, pointing to a resilient demand pocket that has prevented a steeper decline. Momentum indicators lean neutral-to-bearish, reflecting weakening strength into overhead resistance. Yet the inability of sellers to keep the price below $1.99 hints that bearish momentum may be slowing.
This creates a binary setup for XRP: a decisive reclaim of $2.05 may trigger renewed upside, while losing $2.00 puts $1.95 and $1.90 back in play.
Intraday action remained narrow, with XRP trading inside an $0.08 band after its early slide from $2.07 to $2.02. The sharpest decline occurred around 15:00 UTC, when a 103% volume surge dragged the token from $2.04 down to $1.99. Buyers quickly absorbed the move, nudging XRP back toward $2.023. Hourly charts now show tightening consolidation around $2.02 — a pattern often seen before a major directional break as price stabilizes near a key support zone.
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