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XRP Traders Eyes Breakout Above $2.11 as U.S. ETFs Cross $1B Milestone

XRP Traders Eyes Breakout Above $2.11 as U.S. ETFs Cross $1B Milestone

CryptoNewsNet2025/12/09 06:12
By: coindesk.com
MMT-1.18%XRP-1.12%

Token breaks above key support while volume surges 251% during psychological level defense at $2.00.

News Background

  • U.S. spot XRP ETFs continue pulling in uninterrupted inflows, with cumulative demand now exceeding $1 billion since launch — the fastest early adoption pace for any altcoin ETF.
  • Institutional participation remains strong even as retail sentiment remains muted, contributing to market conditions where large players accumulate during weakness while short-term traders hesitate to re-enter.
  • XRP's macro environment remains dominated by capital rotation into regulated products, with ETF demand offsetting declining open interest in derivatives markets.

Technical Analysis

  • The defining moment of the session came during the $2.03 → $2.00 flush when volume spiked to 129.7M — 251% above the 24-hour average.
  • This confirmed heavy selling pressure but, more importantly, marked the exact moment where institutional buyers absorbed liquidity at the psychological floor.
  • The V-shaped rebound from $2.00 back into the $2.07–$2.08 range validates active demand at this level.
  • XRP continues to form a series of higher lows on intraday charts, signaling early trend reacceleration. However, failure to break through the $2.08–$2.11 resistance cluster shows lingering supply overhead as the market awaits a decisive catalyst.
  • Momentum indicators show bullish divergence forming, but volume needs to expand during upside moves rather than only during downside flushes to confirm a sustainable breakout.

Price Action Summary

  • XRP traded between $2.00 and $2.08 across the 24-hour window, with a sharp selloff testing the psychological floor before immediate absorption.
  • Three intraday advances toward $2.08 failed to clear resistance, keeping price capped despite improving structure.
  • Consolidation near $2.06–$2.08 into the session close signals stabilization above support, though broader range compression persists.

What Traders Should Know

  • The $2.00 level remains the most important line in the sand — both technically and psychologically. Institutional accumulation beneath this threshold hints at larger players preparing for medium-term expansion phases.
  • A clean break above $2.11 is required to ignite momentum toward the next supply zone near $2.20–$2.26.
  • Failure to hold the $2.00 floor risks a retest of the $1.95 area, where ETF-driven buying may reappear.
  • The divergence between rising institutional demand and flat retail participation continues to create asymmetric upside conditions if resistance levels break.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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