Market Overview
Institutional participation pulled back noticeably as broader crypto markets weakened under Bitcoin’s fragile technical setup and ongoing ETF outflows. Late-session pressure pushed XRP below the key $2.10 support as traders exited positions in anticipation of a deeper correction.
Intraday Trading Range
- XRP moved inside a turbulent $2.03–$2.15 band while macro-driven sentiment weighed on altcoins.
- A fast rebound from $2.03 aligned with a 28% jump in trading volume, highlighting aggressive dip-buying before momentum faded.
- Repeated failures to clear the $2.14–$2.15 ceiling continued to limit any upside moves.
- Institutional flows weakened sharply in the final trading hour as price slipped under the widely monitored $2.10 mark.
Session Breakdown
XRP eased 1.0% from $2.13 to $2.11 over the last 24 hours, holding within its $2.03–$2.15 range. Early resilience gave way as bullish pressure gradually thinned. The key moment struck at 21:00 UTC when a 177.9M volume spike—28% above the daily average—drove a sharp bounce from $2.03. Yet each attempt to retake $2.14–$2.15 was absorbed by sellers, forming a pattern of lower highs.
Late-Session Volatility
The session ended with a decisive downward move: XRP slipped from $2.124 to $2.103 under heavy selling, breaking cleanly through critical support and reinforcing the market’s fragile tone.
Author’s Summary
XRP’s brief volume-driven rebound failed to break resistance, and weakening sentiment—shaped by Bitcoin’s downturn—left the token vulnerable to deeper losses.