XRP Faces Downside Pressure Despite Strong ETF Inflows
Spot XRP ETFs have drawn nearly $850 million since mid-November, one of the strongest launches for an altcoin ETF and a sign that long-term investors continue to accumulate.
Market Overview
XRP is caught between institutional adoption and short-term technical weakness. Market liquidity remains thin, and declining open interest on major exchanges signals a risk-off environment. Coupled with Bitcoin’s ongoing volatility below key weekly levels, XRP remains sensitive to technical breakdowns, even amid growing fundamental demand.
Technical Analysis
XRP struggled to hold $2.07, forming a series of lower highs that indicated waning buyer momentum. Rejections near $2.11–$2.13 occurred on rising volume, highlighting seller control.
The decisive move came when $2.07 support broke on heavy volume, followed by a secondary surge around 03:24 GMT that briefly pushed XRP toward $2.00. Momentum indicators are now bearish, with RSI declining and MACD trending negative. The former $2.07 support now acts as immediate resistance.
Price Action
XRP fell from $2.20 to $2.10, a 5.7% drop over 24 hours with nearly 6% volatility. Volume spiked to 94M at 19:00 UTC, 68% above average, confirming the rejection at $2.13. XRP later tested $2.09 and briefly touched $2.00, consolidating in the $2.10–$2.12 range, leaving downside pressure intact despite strong ETF inflows.
