XRP Struggles at $2.00 Despite Institutional Support
XRP continues to hit resistance near the $2.00 level, with rising volume signaling active selling even as institutional developments provide a supportive backdrop.
Market Context
Following the Federal Reserve’s 25-basis-point rate cut to 3.5%–3.75%, broader crypto markets saw some gains, but XRP has lagged. Fed dissent over inflation has limited speculative upside, keeping price action muted.
Institutional tailwinds remain in place. U.S. spot XRP ETFs have recorded steady inflows, while ecosystem growth—including custody, DeFi, and cross-chain integrations—reinforces long-term adoption narratives. Yet these positives have not translated into decisive upside on the charts.
Technical Overview
XRP remains capped under $2.00–$2.01, a resistance zone that has rejected price three times, each accompanied by elevated volume—most recently 186% above average—indicating sellers are defending the level. Momentum remains mixed: RSI is stable but not bullish, and intraday price structure shows lower highs beneath $2.03.
Price is consolidating between support at $1.97–$1.98 and supply at $2.00–$2.01. Late-session rebounds briefly pierced $2.00 but failed to hold, leaving XRP range-bound.
Trader Takeaways
- Sellers dominate until XRP clears $2.01.
- A sustained breakout could push toward $2.15–$2.20.
- Holding $1.97 is key to avoid a slide toward $1.90–$1.92.
- ETF inflows and ecosystem expansion provide underlying support.
- Range-bound trading likely continues until a clear breakout or breakdown occurs.
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