Technical Weakness Sends XRP Down 7%, Targets $1.80

XRP Plunges 7% as Institutional Selling Overwhelms ETF Inflows

XRP fell 7.2% from $2.21 to $2.05 as heavy institutional selling broke key support levels, dragging the token back into its November correction range despite strong ETF inflows.

Spot ETF inflows reached $666.6M this month, led by 21Shares’ TOXR listing, while exchange supply dropped 45% over 60 days, signaling large-scale accumulation. Whale wallets added 150M XRP since November 25, but selling pressure intensified Tuesday amid broad risk-off sentiment.

The breakdown below $2.16 marked a decisive failure of XRP’s recent consolidation, pushing the token into a descending channel defined by lower highs at $2.38, $2.30, and $2.22. Volume spiked to 309.2M—over 4.6× the daily average—confirming significant institutional exit flows. Retests of $2.05 saw buyers defend the floor, but momentum remains weak, leaving $2.05–$2.00 as a critical zone.

Key Levels:

• Holding $2.05 is crucial; a breakdown targets $1.87–$1.80.
• Reclaiming $2.16 is needed to reverse bearish pressure.
• ETF inflows support the long-term outlook, but short-term tape remains heavy.
• Watch for bullish divergence on hourly RSI and MACD for early reversal signals.

About The Author

ctleditor

See author's posts