The token has broken through key support, with a volume increase of 251% while defending the psychological level at $2.00.

News Background

U.S. spot XRP ETFs are experiencing steady inflows, surpassing $1 billion in cumulative demand since their launch, marking an unprecedented early adoption for any altcoin ETF.
Despite a lack of enthusiasm from retail investors, institutional participation remains robust, with larger players accumulating assets during downturns while short-term traders are wary of re-entering the market.
The macro landscape for XRP is significantly influenced by a shift towards regulated products, as the demand for ETFs is balancing out the reduced open interest in derivatives markets.

Technical Analysis

The session’s pivotal moment occurred during the drop from $2.03 to $2.00, where volume surged to 129.7M, which is 251% above the 24-hour average.
This highlighted considerable selling pressure yet more crucially marked the instant institutional buyers took advantage of liquidity at the psychological support level.
The V-shaped recovery from $2.00 back to the $2.07–$2.08 range indicates active demand at this price point.
Currently, XRP is forming a series of higher lows on intraday charts, suggesting a potential early reacceleration of the trend. However, the inability to breach the $2.08–$2.11 resistance area shows persistent supply concerns as the market awaits significant triggers.
Momentum indicators reveal a bullish divergence, yet volume must increase during upward movements instead of only during sell-offs to confirm a sustainable breakout.

XRP fluctuated between $2.00 and $2.08 in the 24-hour timeframe, with a sharp sell-off testing the psychological support before swift absorption.
Three attempts to advance towards $2.08 throughout the day fell short of overcoming resistance, keeping the price restrained even as structural improvements are evident.
Consolidation around $2.06–$2.08 as the session drew to a close signals stabilization above support, despite ongoing broader range constriction.

The $2.00 mark is critical, both technically and psychologically. Accumulation by institutions beneath this threshold suggests that larger players are gearing up for expansion in the medium term.
A definitive break above $2.11 is essential to spark momentum toward the next supply zone around $2.20–$2.26.
Failure to maintain the $2.00 support risks a re-evaluation of the $1.95 region, where ETF-backed buying may resurge.
The mismatch between rising institutional demand and stagnant retail interest continues to create conditions ripe for upside potential should resistance barriers be broken.