Ripple at Risk of $2.05 Retest as Bitcoin Gives Back Weekly Gains

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The Ripple token broke through the key floor of $2.07 amid a surge in trading volume, signaling a deeper correction ahead.

news background

  • XRP continues to face conflicting forces as short-term technical weaknesses collide with increasing institutional adoption.
  • The spot XRP ETF has now attracted nearly $850 million in inflows since its launch in mid-November (one of the strongest altcoin ETFs on record), indicating that long-term capital continues to accumulate exposure.
  • Still, broader market liquidity remains low, with leverage indicators on major exchanges showing a decline in open interest, pointing to a risk-off environment and reduced speculative participation.
  • Coupled with Bitcoin’s continued volatility below key weekly levels, altcoins like XRP remain highly sensitive to technical glitches, even as fundamental demand builds in the background.

technical analysis

  • XRP tried to stabilize above the $2.07 support area throughout much of the session, but the broader market showed a continued pattern of lower highs — a classic sign of buyers losing control of momentum.
  • Each time it gets rejected near $2.11 to $2.13, volume expands, reinforcing seller dominance at the overhead resistance.
  • The decisive technical turn came in the last hour of trading: the $2.07 bottom was broken as volume surged sharply. A secondary burst of volume at 03:24 GMT briefly pushed XRP towards the $2.00 level, confirming that the initial drop was not a false move but the start of a sustained move lower.
  • Momentum indicators are now firmly bearish, with the RSI trending lower from mid-range and the MACD moving deeper into negative territory. This breakout turned former support at $2.07 into immediate resistance, a critical pivot level that must be recaptured to resume the near-term bullish structure.
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Price trend summary

  • XRP fell sharply from $2.20 to $2.10, down 5.7% in the 24-hour $0.13 range, with volatility approaching 6%. Before the collapse intensified, attempts to reclaim $2.11 failed due to weakening trading volumes.
  • At 19:00 UTC, volume surged to 94 million, 68% above normal levels, marking rejection of $2.13 and confirming a continued bearish turn.
  • The ensuing decline caused XRP to test levels near $2.09 and briefly touch the $2.00 mark, with volume once again surging above $1 million within a minute.
  • The price is currently consolidating in the $2.10-$2.12 zone but remains below all intraday resistance levels with downward pressure intact.

What traders should know

  • XRP is at a critical moment right now. Failure at $2.07 – a level that was retested multiple times earlier this week – opens a clean technical path to $2.05 and, if exceeded, the deeper $1.90-$1.97 demand area highlighted by several analysts.
  • Despite strong ETF inflows, institutional spot buying did not offset the near-term technical deterioration. The structure favors a continuation to the downside before prices recover to $2.07-2.11 on rising confidence and volume.
  • A clean rebound from $2.05, coupled with a recovery at $2.11, would be the earliest signs that buyers are regaining momentum. Failure would expose the November lows and extend the bearish cycle into December.

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