XRP Faces Technical Pressure Despite Strong ETF Inflows
Spot XRP ETFs have drawn nearly $850 million in inflows since their mid-November launch, one of the strongest starts for an altcoin ETF on record. This suggests long-term investors continue to accumulate, even as short-term technical challenges persist.
Market Overview
XRP is caught between growing institutional adoption and short-term technical weakness. Broader market liquidity remains thin, and declining open interest across major exchanges points to a risk-off environment with reduced speculative activity. Alongside Bitcoin’s ongoing volatility below key weekly levels, XRP remains sensitive to technical breakdowns, despite strong fundamental support.
Technical Analysis
XRP struggled to hold $2.07, with a series of lower highs signaling weakening buying momentum. Rejections near $2.11–$2.13 occurred on rising volume, reinforcing seller dominance.
The decisive move came when $2.07 support broke on high volume, followed by a secondary surge around 03:24 GMT that pushed XRP briefly toward $2.00. Momentum indicators have turned bearish, with RSI declining and MACD moving deeper into negative territory. The former support at $2.07 now acts as immediate resistance.
Price Action
XRP dropped from $2.20 to $2.10, a 5.7% decline over 24 hours, with 6% intraday volatility. Volume spiked to 94M at 19:00 UTC, 68% above average, confirming the rejection at $2.13. XRP later tested $2.09 and briefly touched $2.00, before consolidating in the $2.10–$2.12 range, leaving downside pressure intact despite ETF-driven inflows.
