XRP stays pinned near $2.05 as the range tightens into a make-or-break zone

XRP eased to $2.05 as traders kept selling into rallies near $2.08 while bids continued to show up around $2.04, extending a tightening range that looks close to a resolution point.

News background

• XRP’s latest move came as majors stayed choppy and traders largely kept risk contained rather than chasing directional breakouts.
• That backdrop has left XRP trading more like a “levels” market than a momentum market, with price repeatedly rotating between well-defined support and supply.

Technical analysis

XRP slipped about 0.7% to $2.0475 over the last 24 hours, with price action repeatedly leaning on the $2.04 support area while upside attempts stalled near $2.08. A notable volume burst around 00:00 saw roughly 110.6 million tokens trade (about 87% above the 24-hour average), but the spike coincided with rejection rather than continuation — suggesting liquidity was met by offers overhead.

Structurally, the tape still reads as compression: sellers have defended rallies, but the market has also avoided a clean breakdown below $2.04. That “lower highs into flat support” profile typically forces a decision once the range gets tight enough, especially if volume begins to expand on the next attempt.

On the intraday view, the last-hour bounce from roughly $2.041 to $2.052 briefly cleared a minor cap near $2.048, but follow-through remains the key question given how consistently rallies have been faded in this range.

Price action summary

• XRP traded down toward $2.04 multiple times and held
• Attempts higher were rejected near $2.08 on above-average activity
• A large volume spike arrived at the rejection point, not the breakout
• Late-session bounce reclaimed $2.05, but momentum stayed contained

What traders should know

This is still a market ruled by levels:

• Bull case: Holding $2.04 and reclaiming $2.08 with follow-through would put $2.17 back in play, and a clean acceptance above that area would be the first real “range exit” signal.
• Bear case: A decisive break below $2.04 (especially with volume expanding beyond recent norms) would shift focus to the next demand pocket, with $2.00 as the first psychological test and lower supports becoming relevant if that fails.

Right now, the tape looks like compression with supply overhead — not capitulation — so the next directional move is more likely to be driven by which side finally absorbs the other at the edges of the range.