XRP Breaks Below $2.10 as Institutional Flows Dry Up and Market Pressure Intensifies
Institutional participation dropped sharply on Wednesday, adding to the ongoing drag from Bitcoin’s deteriorating technical setup and persistent ETF outflows. The slump in professional flows accelerated late-day selling, driving XRP firmly below the key $2.10 level and raising the risk of a deeper correction.
Market Context
• XRP spent the session fluctuating between $2.03 and $2.15 as macro-driven weakness continued to weigh on the broader crypto market.
• A sharp rebound from $2.03 was triggered by a 28% surge in volume, showing active dip-buying before momentum fizzled out.
• Attempts to clear the $2.14–$2.15 resistance range repeatedly failed, keeping upside capped throughout the day.
• Sentiment remains frail, with Bitcoin’s death-cross formation and ongoing ETF outflows dampening appetite for altcoins.
• Institutional activity collapsed in the final trading hour, coinciding with XRP’s break below the heavily watched $2.10 support.
Price Action Overview
XRP slipped 1.0% over the past 24 hours, falling from $2.13 to $2.11 while navigating a choppy $2.03–$2.15 range. Early resilience faded steadily as selling pressure built into the close.
The most notable move came at 21:00 UTC: a 177.9M volume surge—roughly 28% above the daily average—helped drive XRP sharply off the $2.03 low. But each rally ran into firm selling at $2.14–$2.15, creating a pattern of lower highs as buyers struggled to sustain the rebound.
The session ended decisively lower as heavy sell volume pushed XRP from $2.124 to $2.103, breaking through the $2.10 support that had held for several sessions. Liquidity thinned rapidly after the breakdown, suggesting institutional desks stepped aside in anticipation of further downside.
Technical Breakdown
XRP’s technical outlook turned more bearish as multiple breakdown signals aligned across intraday charts.
Support & Resistance
With $2.10 now lost, the level flips to immediate resistance. Price action is now anchored around the session low at $2.03, a key support. The failure to retake $2.14–$2.15 keeps the near-term ceiling intact and confirms downside bias.
Volume Dynamics
The strong volume during the $2.03 rebound signaled broad participation, but fading volume on subsequent push attempts suggested buyer exhaustion. The late-session breakdown printed 4.4M units in one interval—sufficient to fire algorithmic sell triggers.
Trend Structure
XRP is forming a clear sequence of lower highs and lower lows, characteristic of early continuation patterns that often lead to retests of major swing supports. The broader downtrend—stemming from multiple failures above $2.48—remains firmly in place.
Momentum Indicators
Oscillators are approaching oversold conditions, hinting that $2.03 may attract buyers. Still, without a move back above $2.15, any bounce is likely to be reactive rather than a trend reversal.
Key Levels and Forward Risks
XRP is positioned at a critical juncture:
• $2.03 must hold or the chart opens the door to deeper losses toward $1.91–$1.73.
• A close above $2.15 is required to break the current bearish continuation setup.
• Institutional liquidity dried up after the $2.10 breach, making incoming volume the key driver of the next move.
• Bitcoin’s weak technical posture and death-cross drag remain major headwinds for altcoins.
• Watch for liquidation spikes, as XRP saw ~$28M wiped out in prior sessions—fresh forced selling could accelerate the decline.
XRP’s near-term trajectory now hinges on whether bulls can defend $2.03 or whether the market rolls into a deeper retracement phase.
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