XRP saw another turbulent session on Monday, dipping below the psychological $2.00 mark before recovering modestly. The market now sits at a decisive technical tipping point: reclaiming the $2.05–$2.07 resistance zone is required to restore bullish momentum, while another break beneath $2.00 could trigger a deeper slide.
The brief move under $2.00 came during a broader risk-off shift across crypto markets. Trading volume surged to 149.1 million — more than double the daily average — signaling that institutional sellers were heavily involved. Though spot XRP ETFs continue drawing inflows, short-term price action remains governed by technical dynamics rather than fundamental demand.
Market metrics also lean cautious:
- Whales have shown mixed activity, with slight net selling over the past 48 hours
- Open interest in XRP derivatives has fallen, hinting that leveraged traders are de-risking
- ETF inflows persist but have yet to translate into stronger spot support
Technically, the breakdown under $2.00 confirmed weakening structure, reinforcing a pattern of lower highs throughout the session. The surge in sell volume during the move suggests the decline was driven by active selling pressure rather than thin liquidity. Every rebound attempt was rejected at the $2.05–$2.07 ceiling, leaving XRP stuck near $2.02 as price action tightened into a narrowing formation.
Still, buyers continue to defend levels just above $2.00, signaling the presence of a firm demand zone that has so far kept the market from rolling over further. Momentum indicators tilt neutral-to-bearish, reflecting loss of strength on pushes into resistance. Yet the failure of sellers to maintain a move below $1.99 suggests bearish momentum may be cooling.
This puts XRP in a pivotal setup: a decisive reclaim of $2.05 could spark a bullish continuation, while a breakdown below $2.00 exposes lower supports at $1.95 and $1.90.
Intraday trading remained relatively compressed, with XRP moving within an $0.08 band after sliding from $2.07 to $2.02 earlier in the day. The sharpest decline hit around 15:00 UTC when volume spiked 103% above average, sending XRP from $2.04 to $1.99. Buyers quickly stepped in, lifting the token back toward $2.023. Hourly charts now show tightening consolidation around $2.02 with fading volatility — often a precursor to a larger directional breakout as price stabilizes above a crucial support level.
