XRP Falls 7% as Institutional Selling Outpaces ETF Inflows
XRP dropped 7.2% from $2.21 to $2.05 after heavy institutional selling breached key support, dragging the token back into its November correction range despite strong ETF inflows.
Spot ETF inflows reached $666.6M this month, led by 21Shares’ TOXR listing, while exchange supply fell 45% over 60 days, signaling ongoing accumulation. Whale wallets added 150M XRP since November 25, but selling intensified amid broader market weakness.
The breakdown below $2.16 marked a failure of recent consolidation, pushing XRP into a descending channel of lower highs at $2.38, $2.30, and $2.22. Volume spiked to 309.2M—over 4.6× the daily average—confirming institutional exit flows. Buyers defended $2.05, but momentum remains insufficient to reclaim support.
Key Levels:
- Holding $2.05 is crucial; a breakdown targets $1.87–$1.80.
- Reclaiming $2.16 would challenge the bearish trend.
- ETF inflows support long-term outlook, but short-term pressure persists.
- Watch hourly RSI and MACD for early reversal signals.
