XRP Slides 7%, Technical Patterns Suggest Move to $1.80
XRP Slides 7% as Institutional Selling Overpowers ETF Inflows
XRP plunged 7.2% from $2.21 to $2.05 as heavy institutional selling broke key support, dragging the token back into its November correction range despite strong ETF inflows.
Spot ETF inflows hit $666.6M this month, led by 21Shares’ TOXR listing, while exchange supply fell 45% over 60 days, signaling accumulation. Whale wallets added 150M XRP since November 25, yet broad market weakness intensified selling pressure.
The breach below $2.16 marked a decisive failure of XRP’s consolidation, pushing it into a descending channel of lower highs at $2.38, $2.30, and $2.22. Volume surged to 309.2M—over 4.6× the daily average—confirming institutional exit flows. Retests of $2.05 saw buyers defend the floor, but momentum remains weak.
Key Levels:
- $2.05 is critical; a breakdown targets $1.87–$1.80.
- Reclaiming $2.16 would challenge the bearish trend.
- ETF inflows support long-term outlook, but short-term tape remains heavy.
- Monitor hourly RSI and MACD for early reversal signals.
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