XRP broke below the psychological $2.00 level on high selling volume before staging a partial recovery, highlighting the intensified volatility as bulls and bears battle for control in a critical inflection zone.
• XRP briefly dipped below $2.00 as Monday’s crypto session saw broader risk-off positioning
• The volume increased to 149.1 million. – more than double the daily average – confirming institutional selling participation
• Spot XRP ETFs continue to attract inflows, but short-term price movements remain dominated by technical signals
• Whale activity shows mixed behavior with less net distribution over the last 48 hours
• Derivatives markets are reporting falling open interest, indicating reduced leverage exposure during the pullback
The break below $2.00 marked a clear technical deterioration, with XRP printing consecutive lower highs throughout the session. The break coincided with a sharp increase in volume, confirming that sellers were driving the move over passive liquidity conditions.
The $2.05-$2.07 region acted as a firm ceiling, rejecting every rebound attempt. This failure kept XRP locked in a tightening structure around $2.02, with price compression towards a crucial breakout point. Despite the bearish drift, repeated bounces from just above $2.00 signal that there is still a strong pocket of demand, preventing deeper breakdowns.
Momentum indicators show a neutral-to-bearish tilt, with declining rally strength to overhead resistance. Still, the lack of follow-on selling below $1.99 suggests bears may be losing momentum. This sets up a binary technical scenario: a buyback at $2.05 triggers bullish continuation, while a loss at $2.00 reopens downside towards $1.95 and eventually $1.90.
XRP was trading within a $0.08 range after falling from $2.07 to $2.02 during the session. The steepest fall occurred at 15:00 UTC when volume surged 103% above average, driving the token from $2.04 down to $1.99. Buyers quickly stepped in and produced a pullback towards $2,023. Hourly data shows compression around $2.02 with decreasing volatility, suggesting a bigger move is building as XRP stabilizes above the key support zone.
• $2.00 remains key battleground – repeated defenses show demand but another failure risks deeper relaxation
• A break above $2.05-$2.07 is required to reverse momentum and invalidate the bearish pattern
• Increased sales volume confirms institutional involvement; recovery attempts must match this amount to maintain
• Consolidation at $2.02 means a major breakout is on the way – watch for direction confirmation within 24-48 hours
• Downside target is at $1.95 if $2.00 breaks; upside opens at $2.12-$2.15 on a clean recovery of overhead resistance
