XRP continues to struggle at the psychological $2.00 level, with high volume signaling aggressive selling in force, even as broader institutional narratives remain supportive.
News context
XRP price action remains disconnected from improving macro and structural signals in crypto markets. The Federal Reserve cut rates by 25 basis points, lowering its target range to between 3.5% and 3.75%, marking the third rate cut of the year. Although the move generally supported risky assets, internal divisions within the Fed highlighted lingering concerns about inflation, limiting the upward tracking of speculative assets.
At the same time, XRP continues to benefit from an expanding institutional infrastructure. US spot XRP ETFs have seen steady inflows over the past few sessions, and ecosystem developments – including new custody, DeFi and cross-chain integrations – are strengthening longer-term adoption stories. However, these positive points have not yet translated into a decisive increase at the chart level.
Technical analysis
Structurally, XRP remains capped below a well-defined resistance band between $2.00 and $2.01. This zone has now rejected price action three times, each accompanied by an expansion in volume – a classic signal of distribution rather than accumulation.
The most notable technical feature is volume divergence. During the latest rejection, trading volume jumped approximately 186% above average, confirming that sellers are actively defending this level rather than passively waiting. This behavior typically precedes either a strong breakout (if supply is fully absorbed) or a deeper retracement once buyers are exhausted.
Dynamic 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 decisively close above $2.01 with sustained volume, the technical bias remains neutral to bearish.
Price Action Summary
XRP fell approximately 1% during the session from $2.03 to $2.01 after another failed attempt to establish acceptance above $2.00. The price briefly dropped to the $1.98 area before buyers stepped in, forming a short-term support base between $1.97 and $1.98.
Late session action showed signs of stabilizing. On the 60-minute chart, XRP rebounded from $1.987 to just over $2.00, supported by a localized volume spike near 4.75 million units. Although this move briefly broke through resistance, follow through remained limited and price settled back into consolidation.
Overall, XRP is compressing between firm demand near $1.97 and persistent supply between $2.00 and $2.01.
What Traders Should Know
XRP is approaching a decision zone.
• Repeated rejections at $2.00 with increasing volume suggest sellers are in control for now.
• Sustained acceptance above $2.01 would likely trigger a dynamic expansion towards $2.15 – $2.20.
• Failure to hold $1.97 exposes a decline towards the $1.90 to $1.92 support band.
• ETF inflows and ecosystem expansion continue to create long-term support below prices.
• Until a clear breakout or breakdown occurs, range-bound strategies dominate.
