XRP continues to struggle at the $2.00 psychological level, with elevated volume signaling aggressive selling into strength even as broader institutional narratives remain supportive.
News Background
XRP price action remains disconnected from improving macro and structural signals across crypto markets. The Federal Reserve delivered a 25 basis-point rate cut, lowering its target range to 3.5%–3.75%, marking the third cut of the year. While the move supported risk assets broadly, internal dissent within the Fed highlighted persistent concerns around inflation, limiting upside follow-through across speculative assets.
At the same time, XRP continues to benefit from expanding institutional infrastructure. U.S. spot XRP ETFs have recorded steady inflows in recent sessions, and ecosystem developments — including new custody, DeFi, and cross-chain integrations — reinforce longer-term adoption narratives. However, these positives have yet to translate into decisive upside at the chart level.
Technical Analysis
From a structural standpoint, XRP remains capped beneath a well-defined resistance band at $2.00–$2.01. This zone has now rejected price action three times, each accompanied by expanding volume — a classic signal of distribution rather than accumulation.
The most notable technical feature is the volume divergence. During the latest rejection, trading volume surged roughly 186% above average, confirming that sellers are actively defending this level rather than passively waiting. This behavior typically precedes either a sharp breakout (if supply is fully absorbed) or a deeper retracement once buyers exhaust.
Momentum indicators remain mixed. Short-term RSI has stabilized but failed to enter bullish expansion territory, while intraday structure continues to print lower highs beneath $2.03. Until XRP can close decisively above $2.01 on sustained volume, the technical bias remains neutral-to-bearish.
Price Action Summary
XRP declined roughly 1% over the session, sliding from $2.03 to $2.01 after another failed attempt to establish acceptance above $2.00. Price briefly dipped to the $1.98 area before buyers stepped in, forming a short-term support base between $1.97–$1.98.
Late-session action showed signs of stabilization. On the 60-minute chart, XRP rebounded from $1.987 to just above $2.00, supported by a localized volume spike near 4.75 million units. While this move briefly pierced resistance, follow-through remained limited, and price settled back into consolidation.
Overall, XRP is compressing between firm demand near $1.97 and persistent supply at $2.00–$2.01.
What Traders Should Know
XRP is approaching a decision zone.
• Repeated rejections at $2.00 with rising volume suggest sellers remain in control for now
• Sustained acceptance above $2.01 would likely trigger a momentum expansion toward $2.15–$2.20
• Failure to hold $1.97 exposes downside toward the $1.90–$1.92 support band
• ETF inflows and ecosystem expansion continue to build longer-term support beneath price
• Until a clean breakout or breakdown occurs, range-bound strategies dominate
