📰 XRP Update: Price Drops to $2 as Traders Take BTC Profits — Despite Strong ETF Inflows
XRP slid 4.3% on Wednesday, falling from $2.09 → $2.00 as traders booked profits following Bitcoin’s rally.
But interestingly, institutional inflows into XRP ETFs remain strong, creating a clear gap between long-term demand and short-term price action.
Key Highlights
• XRP down 4.3%, underperforming the broader market
• Institutional trading volume up 54% above the weekly average — showing strategic selling at resistance
• ETF inflows stay strong, but XRP continues to fail at the $2.09–$2.10 barrier
• Exchange supply fell to 2.6B tokens, the lowest in 60 days — tightening long-term supply
• A rejection at $2.08 triggered a 205% volume spike, leading to a clean failed breakout
Market Context
• U.S. spot XRP ETFs added $170M in fresh inflows this week — zero outflows for weeks
• Heavy sell orders stacked above $2.10, blocking upside attempts
• Exchange supply dropped from 3.95B → 2.6B over two months — a structurally bullish signal
• XRP lagged while the broader CD5 index fell only 3.1%, showing this was token-specific weakness
Price Action
• Range: $2.09 → $2.00
• Daily Volatility: 5.4%
• Peak Volume: 172.8M tokens (+205%)
• Support: $2.00 (primary), $1.95 (secondary)
• Resistance: $2.09–$2.10 — must break for bullish continuation
Market Structure
XRP remains inside a multi-month compression pattern. Shrinking exchange supply suggests that when price finally breaks out, the move could be sharp.
What Traders Are Watching Next
• $2.00 support: A second test could trigger a drop to $1.95
• ETF inflows: Still the strongest bullish factor
• Breakout confirmation: Requires multiple hourly closes above $2.10 with high volume
• Supply squeeze: Lower exchange balances may fuel a major move once direction is set
