XRP fell toward $2.07 as traders sold into strength near the $2.13 level, even as ETF inflows and falling exchange balances continue to point to steady institutional demand in the background.
XRP’s pullback comes against a backdrop of improving regulatory and institutional signals rather than any negative headline shock.
Ripple this week received preliminary authorization for an e-money license in Luxembourg, a move that would allow the company to expand regulated digital-asset payment services across the European Union. Ripple is also pursuing a CASP license under the EU’s MiCA framework, positioning the XRP ecosystem to operate inside the bloc’s new regulatory regime.
Institutional interest has remained steady. Spot XRP ETFs have continued to attract inflows, with cumulative net allocations now around $1.26 billion and no recorded outflow days. At the same time, exchange-held XRP supply has fallen below 2 billion tokens, down sharply from more than 4 billion in late 2025, a dynamic traders often read as reduced immediate sell-side liquidity.
Despite those longer-term positives, near-term price action has been driven almost entirely by technical positioning and profit-taking following XRP’s rally from the $1.80 area earlier this month.
XRP declined 3.7% over the 24-hour period, sliding from $2.149 to $2.070 as sellers repeatedly defended resistance near $2.13. The token traded within a $0.10 range, marking roughly 4.7% intraday volatility.
The key inflection came during the U.S. session, when volume spiked to 102.7 million tokens at 15:00 — roughly 133% above the 24-hour average — as price was rejected near $2.131. That rejection set off a sequence of lower highs and lower lows, confirming short-term bearish control.
Selling pressure intensified into the evening before a brief capitulation flush hit at 19:31. Volume jumped to 3.7 million in a single minute, driving XRP down to $2.059. Buyers stepped in quickly at that level, triggering a rebound toward $2.07 into the close.
While the bounce eased immediate downside pressure, the broader structure remains heavy below $2.13, with rallies continuing to attract supply rather than follow-through buying.
This is a sell-the-rally tape, not a trend reversal.
ETF inflows and shrinking exchange balances continue to support the medium-term case for XRP, but short-term traders are using strength near $2.13 to take profits. As long as that level caps upside, price is likely to remain range-bound rather than trend higher.
The levels are straightforward:
For now, XRP is digesting its earlier rally — with institutions quietly accumulating in the background while short-term traders control day-to-day price action.