XRP Price News: – PK Press Club

Multi-time frame technical indicators indicate structural weakness despite brief attempts to break above $2.05 resistance during overnight trading.

News context

XRP continues to face pressure as its weekly performance deteriorates to -7.4%, adding to the multi-session downtrend dominating in early December.
Despite continued price weakness, institutional demand remains strong via US XRP spot ETFs, which have attracted $906 million in net inflows since launch – with no outflow days recorded.
Meanwhile, social sentiment plummeted to extreme levels of fear matching October lows, with Santiment reporting the highest level of bearish commentary in over five weeks.
Historically, such extremes have preceded short-term rebounds, including the November 21 rally.
On-chain data shows mixed positioning: 6-12 month holders have significantly reduced their exposure, from 26.18% to 21.65%, while long-term demand driven by ETFs continues to accumulate quietly in the background.

XRP’s attempt to move higher was initially successful, with the price surging above $2.05 on the back of an above-average 68% volume increase as of 03:00. The breakout produced a strong rise to $2.07, but the move lacked follow through. Decreasing volume during the retracement revealed fading momentum and sellers quickly regained control.
A persistent descending channel has now formed on the 60-minute chart, with successive lower highs and a narrower price squeeze. This structure reflects an orderly, trend-driven decline rather than panic liquidation.
Each rebound encountered a distribution, particularly close to $2.04 to $2.05 – an area that now acts as immediate resistance.
Momentum oscillators are trending lower on intraday time frames, while the weekly TD Sequential indicator is slowly flashing a potential reversal signal.
This creates an environment of short-term weakness coupled with early signals of long-term stabilization.

XRP traded in a range of $0.0563 (2.8%), moving between $2.02 and $2.07 before closing near $2.032.
The breakout to $2.07 was driven by a volume spike of 44.99 million (68% above the SMA), but the rally fully retraced as volume declined.
The 60-minute structure shows XRP moving from $2.040 to test support at $2.029, with volume of 1.08 million at the low – clear evidence of institutional distribution rather than opportunistic buying.
XRP is now consolidating around $2.030, where holding this pivot becomes critical to avoid further testing of the $2.020 to $2.025 zone.

XRP’s near-term trajectory remains fragile as technical forces dominate otherwise favorable fundamentals such as ETF inflows and long-term accumulation.
A recovery to $2.035 is required to restore intraday momentum, while a sharp move back above $2.05 would be necessary to invalidate the descending channel.
If $2.030 gives way, traders should expect a retest between $2.020 and $2.025, with psychological support at $2.00 serving as the final line before a broader decline opens.
Sentiment is deeply negative, which has historically aligned with early reversal setups, but until a technical trigger appears, the dominant trend remains down.