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XRP at Risk of $2.05 Retest, Analysts Warn, as Bitcoin Gives Back Weekly Gains

coindesk.com 45 m

Ripple's token breaks critical $2.07 floor amid volume surge, signaling deeper correction ahead.

News Background

XRP continues to face conflicting forces as short-term technical weakness clashes with strengthening institutional adoption.
Spot XRP ETFs have now attracted nearly $850 million in inflows since launching in mid-November — one of the strongest altcoin ETF starts on record — suggesting long-horizon capital continues to accumulate exposure.
Despite this, broader market liquidity remains thin, and leverage metrics across major exchanges show declining open interest, indicating a risk-off environment and reduced speculative participation.
Combined with Bitcoin’s continued volatility below key weekly levels, altcoins like XRP remain highly sensitive to technical breakdowns even as fundamental demand builds in the background.

XRP spent most of the session attempting to stabilize above the $2.07 support zone, but the tape revealed a consistent pattern of lower highs — a classic sign that buyers were losing control of momentum.
Volume expanded on every rejection near $2.11–$2.13, reinforcing seller dominance at overhead resistance.
The decisive technical shift came in the session’s final hour: the $2.07 floor gave way as volume surged dramatically. A secondary volume burst at 03:24 GMT pushed XRP briefly toward the $2.00 level, confirming that the initial breakdown was not a false move but the start of a continuation leg lower.
Momentum indicators now firmly tilt bearish, with RSI trending down from mid-range levels and MACD crossing deeper into negative territory. The breakdown transforms former support at $2.07 into immediate resistance — a key pivot level that must be reclaimed to restore near-term bullish structure.

XRP fell sharply from $2.20 to $2.10, shedding 5.7% across a 24-hour $0.13 range that delivered nearly 6% volatility. Attempts to reclaim $2.11 failed on weakening volume before the breakdown intensified.
At 19:00 UTC, volume spiked to 94.0M — 68% above normal — marking the rejection at $2.13 and confirming the shift toward bearish continuation.
Subsequent declines saw XRP test levels near $2.09 and briefly flirt with the $2.00 handle as volume again surged above 1M in a single minute.
Price now consolidates in the $2.10–$2.12 zone but remains beneath all intraday resistance levels, leaving downside pressure intact.

XRP now trades at a critical juncture. The failure of $2.07 — a level that held multiple retests earlier in the week — opens a clean technical path toward $2.05 and, if that breaks, the deeper $1.90–$1.97 demand region highlighted by several analysts.
Despite strong ETF inflows, institutional spot buying did not offset short-term technical deterioration. Until price reclaims $2.07–$2.11 with conviction and rising volume, the structure favors continued downside.
A clean bounce from $2.05, paired with a reclaim of $2.11, would be the earliest sign that buyers are regaining momentum. Failure would expose the November lows and extend the bearish cycle into December.

coindesk.com