XRP saw a burst of volatility on Monday as the token briefly fell below the key $2.00 threshold on heavy selling before recovering part of the move. The sharp swing reflects an ongoing tug-of-war between bulls and bears at a critical technical juncture. For sentiment to decisively turn higher, XRP must reclaim the $2.05–$2.07 zone; failure to hold $2.00, however, could accelerate downside momentum.
The dip under $2.00 coincided with a broader risk-off shift across the crypto market. Trading volumes surged to 149.1 million — more than double the daily norm — signaling that institutional sellers were active participants in the move. Even as spot XRP ETFs continue attracting inflows, short-term price action is being shaped primarily by technical patterns rather than macro flows.
Supporting data shows a cautious tone across the ecosystem. Whale behavior has been mixed, with a small net distribution over the past two days, while derivatives markets recorded a drop in open interest, suggesting leveraged traders trimmed exposure as volatility picked up.
From a technical standpoint, the slide through $2.00 confirmed a weakening structure. XRP continued to print lower highs throughout the session, and every attempt to rebound was firmly rejected at the $2.05–$2.07 resistance band. The price settled near $2.02, forming a tightening range. Still, repeated defenses just above $2.00 indicate the presence of a solid demand pocket that has, so far, prevented a deeper breakdown.
Momentum indicators lean slightly bearish, with diminishing strength on approaches to overhead resistance. Yet bears were unable to sustain a move below $1.99, hinting at fatigue on the sell side. This leaves XRP at a pivotal crossroads: reclaiming $2.05 would likely trigger a bullish continuation, while losing the $2.00 floor exposes near-term targets at $1.95 and potentially $1.90.
Intraday price action was confined to a narrow $0.08 band following the drop from $2.07 to $2.02 earlier in the session. The most aggressive sell-off occurred around 15:00 UTC, when a 103% spike in volume dragged XRP from $2.04 to $1.99. Buyers quickly stepped in, pushing the token back toward $2.023. Hourly charts now reveal tightening price compression around $2.02, a pattern that typically precedes a larger move as XRP stabilizes above a key support cluster.
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