XRP dropped from $2.149 to $2.070 over the past 24 hours, a decline of about 3.7%. Each push toward the $2.13 area ran into fresh selling, keeping that zone as the key short-term ceiling. Spot ETF inflows and lower exchange balances still support the medium-term setup, but short-term trading was driven by profit-taking and technical resistance.
Regulatory progress and institutional demand remain in place
The pullback was not tied to any new negative headline. Ripple received preliminary authorization this week for an e-money license in Luxembourg, a step that would let the company expand regulated digital-asset payment services across the European Union. Ripple is also seeking a CASP license under the EU’s MiCA framework, placing the XRP ecosystem inside the bloc’s new regulatory structure.
Institutional interest has held up. Spot XRP ETFs continue to post inflows, with cumulative net allocations now around $1.26 billion and no recorded outflow days. At the same time, exchange-held XRP has dropped below 2 billion tokens, down sharply from more than 4 billion in late 2025. Traders often read that decline as a sign of reduced near-term sell-side liquidity.
Heavy resistance near $2.13 shaped the session
During the day, XRP traded in a range of roughly $0.10, equal to about 4.7% intraday volatility. The main turning point came in the U.S. session. At 15:00, volume surged to 102.7 million tokens, about 133% above the 24-hour average, but price was rejected near $2.131. That failed move was followed by lower highs and lower lows, showing that sellers had taken short-term control.
Selling picked up into the evening, then a sharp flush hit at 19:31. Volume reached 3.7 million tokens in a single minute and pushed XRP down to $2.059. Buyers responded quickly at that level, helping the token rebound back toward $2.07 into the close. The recovery was modest, which suggests downside pressure eased but did not disappear.
ETF support is intact, but traders are still selling strength
The market action points to a sell-the-rally pattern rather than a broader reversal. XRP had rallied from the $1.80 area earlier this month, and short-term traders appear to be using strength near $2.13 to lock in gains. Unless that resistance breaks, price is more likely to stay range-bound than to move into a fresh upside trend.
The available data still shows two supportive medium-term signals: ETF money keeps coming in, and exchange balances keep shrinking. In the shorter term, though, price direction is still being set by supply near resistance. XRP ended near $2.07, showing that buyers defended the lower end of the move but did not regain control.