XRP Breaks Through $2.07 Support Amid Volume Surge, Technical Breakdown Signals Deeper Correction

Source: CryptoNewsNet Original Title: XRP at Risk of $2.05 Retest, Analysts Warn, as Bitcoin Gives Back Weekly Gains Original Link:

Market 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.

Technical Analysis

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.