XRP retreated sharply from the $2.30 ceiling on Tuesday as profit-taking outweighed buying interest, with a rise in institutional volume confirming that resistance remains structurally intact.
News background
Broader crypto markets remain under pressure as risk sentiment softens and technical signals dominate short-term trading behavior across all major companies. According to FxPro’s Alex Kuptsikevich, crypto conditions still resemble “a short-term bounce within a larger drop,” with the market structure pointing toward deeper pullbacks unless momentum picks up again.
ETF flows have also become mixed: Canary Capital’s XRPC, the first Meanwhile, derivatives data shows $28 million in XRP liquidations in the last 24 hours, with long positions accounting for nearly $25 million of that total, highlighting aggressive liquidation during resistance rejection.
Sentiment among altcoins remains fragile as institutional traders selectively rotate capital, prioritizing assets showing stronger breakouts while trimming exposure to general supply zones such as XRP’s $2.28 to $2.30 band.
Price Action Summary
XRP fell 4.58% to $2.18 during the 24-hour session, reversing sharply after a failed breakout attempt to $2.30. The rejection triggered strong waves of selling, with volume increasing by 342% at 14:00 UTC (237 million tokens traded), marking the turning point of the session.
The token generated volatile swings between $2.27 and $2.18 as sellers aggressively defended $2.30. Attempts to stabilize above $2.22 were met with renewed pressure. Late trading saw prolonged periods of flat volume after 17:21 UTC, suggesting institutional flows have paused until clearer confirmation emerges around the $2.20 floor.
Despite the drop, XRP briefly rose from $2.20 to $2.27 between 16:50 and 17:00 UTC, but the push failed as resistance remained firmly intact.
What traders should keep in mind
- $2.20 is the battlefield. A hold sets up another attempt towards $2.30 – $2.40.
- A failure below $2.18 exposes a rapid decline towards $2.02-1.98.
- Confirmation of volume will dictate direction: increasing buying volume to $2.20 indicates accumulation; Low volume bounces remain vulnerable.
- ETF flows remain a key near-term catalyst. Sustained XRPC inflows would bolster spot liquidity.
- The general sentiment remains fragile; XRP will be very sensitive to any new risk aversion movements in major currencies.
