XRP continues to struggle at the $2.00 psychological level, where elevated volume signals aggressive selling for 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 broadly supported risk assets, internal discord at the Fed highlighted lingering concerns about inflation, limiting upward follow-through across speculative assets.
At the same time, XRP continues to benefit from expanding institutional infrastructure. US spot XRP ETFs have recorded steady inflows in recent sessions, and ecosystem developments – including new escrow, DeFi and cross-chain integrations – are reinforcing long-term adoption narratives. However, these positive results have yet to translate into a decisive upside at the chart level.
Technical Analysis
From a structural standpoint, XRP remains capped below a well-defined resistance band of $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 volume divergence. During the recent rejection, trading volume rose about 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 when buyers have exhausted.
Momentum indicators remain mixed. The short-term RSI has stabilized but failed to enter bullish expansion territory, while the intraday structure continues to print lower highs below $2.03. Until XRP can close decisively above $2.01 on sustained volume, the technical bias remains neutral-to-bearish.
Summary of price action
XRP fell approx. 1% during the session, falling from $2.03 to $2.01 after another failed attempt to establish acceptance above $2.00. The price briefly fell to the $1.98 area before buyers stepped in, forming a short-term support base between $1.97-$1.98.
Action in the late session showed signs of stabilization. On the 60-minute chart, XRP rose from $1.987 to just above $2.00, supported by a localized volume increase near 4.75 million units. While this move briefly pierced resistance, follow-through remained limited and price fell back into consolidation.
Overall, XRP is compressing between firm demand near $1.97 and sustained supply at $2.00-$2.01.
What traders should know
XRP is approaching one decision zone.
• Repeated rejections of $2.00 with increasing volume suggest sellers remain in control for now
• Sustained acceptance above $2.01 is likely to trigger a momentum extension towards $2.15-$2.20
• Failure to hold $1.97 reveals downside towards the $1.90-$1.92 support band
• ETF inflows and ecosystem expansion continue to build long-term support below price
• Until a clean breakout or breakdown occurs, range bound strategies dominate
