XRP price has seen strong buying interest at the $2 psychological level as Bitcoin holds above $91,000. Latest data shows that after breaking a key support, XRP’s trading volume surged by 251% around the $2 mark, reflecting that institutional funds are absorbing market liquidity at this price level.
The US spot XRP ETF continues to show strong appeal, with cumulative inflows surpassing $1 billion since its launch, making it the fastest-growing altcoin ETF. Although retail interest remains relatively weak, institutional demand is steadily expanding. The growth in ETF inflows has effectively offset the decline in open interest in the derivatives market, making the capital environment more favorable for long-term allocations.
From a technical perspective, today’s focus is on the sharp fluctuations within the $2.03 to $2.00 range. XRP’s trading volume soared to 129.7 million, well above average levels, indicating strong selling pressure while also marking institutional buying at key price points. The rapid V-shaped rebound from $2 to the $2.07-$2.08 range further confirms the validity of this support zone.
Short-term structure is gradually improving, with XRP forming higher lows on the intraday chart and signs of trend acceleration beginning to emerge. However, the price has failed three times to break through $2.08, and the $2.08-$2.11 area remains the main short-term resistance. In the absence of new market catalysts, upward supply pressure remains evident.
Momentum indicators show an initial bullish divergence, but future gains must be accompanied by increased trading volume, not just during pullbacks, to further confirm the sustainability of any breakout.
Intraday prices have been oscillating between $2.00 and $2.08, consolidating near $2.06-$2.08, indicating that the price is stable above support but that the upward range remains compressed, awaiting a breakout direction.
For traders, the $2 level remains a core observation point. Institutional investors have continued to accumulate below this price, suggesting they are positioning for the next mid-term move. Once XRP breaks above $2.11, the next major supply zone will be around $2.20 to $2.26. If it falls below $2, support may retreat to $1.95, with ETF funds likely to play a key role in stabilizing the market again.
Overall, the divergence between growing institutional demand and insufficient retail participation creates an asymmetric upside potential. Once key resistance is broken, XRP could see a much faster price expansion. (CoinDesk)
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