XRP Near $2.06–$2.08 as Institutional Demand Supports Price Action
XRP is consolidating near $2.06–$2.08, with a decisive breakout above $2.11 needed to fuel momentum toward higher resistance levels. A failure to hold $2.00 could see a retest of $1.95.
Volume surged 251% during the defense of the $2.00 psychological floor, signaling strong institutional absorption.
Market Context
U.S. spot XRP ETFs continue to draw inflows, surpassing $1 billion in cumulative demand — the fastest early adoption pace for any altcoin ETF. While retail activity remains muted, institutional accumulation on dips has strengthened the macro backdrop. Capital rotation into regulated products has offset declining derivatives activity, supporting XRP’s price structure.
Technical Snapshot
During the $2.03 → $2.00 dip, volume spiked to 129.7 million, confirming selling pressure but highlighting institutional buying at the floor. A V-shaped rebound to $2.07–$2.08 confirms active demand. XRP is forming higher intraday lows, signaling trend reacceleration, but repeated failures near $2.08–$2.11 indicate lingering supply. Momentum shows bullish divergence, yet upward volume expansion is needed to sustain a breakout.
Key Levels for Traders
- $2.00 remains critical support, reflecting institutional accumulation and medium-term upside potential.
- A break above $2.11 could target $2.20–$2.26.
- Falling below $2.00 risks a retest of $1.95, where ETF-driven demand may reappear.
- The divergence between institutional demand and muted retail participation favors asymmetric upside if resistance is cleared.
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