XRP pulled back sharply from the $2.30 ceiling on Tuesday as profit-taking overwhelmed buying interest, with a surge in institutional volume confirming that resistance remains structurally intact.
News background
Broader crypto markets remain under pressure as risk sentiment softens and technical cues dominate near-term trading behavior across majors. According to FxPro’s Alex Kuptsikevich, crypto conditions still look like “a short-term rebound within a larger decline,” with market structure pointing toward deeper retracements unless momentum accelerates again.
ETF flows have also been mixed: Canary Capital’s XRPC – the first US spot XRP ETF – posted 58.6 million. USD in opening-day volume on Nov. 13, which beat expectations, but failed to generate sustained upside in spot markets. Meanwhile, derivatives data shows $28M in XRP liquidations over the past 24 hours, with long positions accounting for nearly $25M of the total, highlighting aggressive liquidation during the resistance rejection.
Sentiment across altcoins remains fragile as institutional traders rotate capital selectively, prioritizing assets showing stronger breakouts while trimming exposure into overhead supply zones like XRP’s $2.28-$2.30 band.
Price action summary
XRP fell 4.58% to $2.18 during the 24-hour session, reversing sharply after a failed breakout attempt at $2.30. The rejection triggered strong selling waves, with a 342% increase in volume at 14:00 UTC — 237 million tokens traded — marking the inflection point of the session.
The token carved out volatile swings between $2.27 and $2.18 as sellers aggressively defended $2.30. Attempts to stabilize above $2.22 were met with renewed pressure. Late session trading delivered extended periods of flat volume after 17:21 UTC, suggesting institutional flows were put on hold until clearer confirmation emerges around the $2.20 bottom.
Despite the drop, XRP briefly rose from $2.20 to $2.27 at 16:50-17:00 UTC, but momentum failed as resistance remained intact.
What traders should see
- $2.20 is the battleground. One team sets up another attempt at $2.30–$2.40.
- Failure below $2.18 reveals a quick decline towards $2.02-$1.98.
- Volume confirmation will dictate direction – increasing buying volume at $2.20 signals accumulation; low volume bounces remain vulnerable.
- ETF flows remain an important near-term catalyst. Sustained XRPC inflow would strengthen spot liquidity.
- A broader sentiment remains fragile; XRP will be very sensitive to any renewed risk-off move in the majors.
