XRP Defends Key $2.00 Support as Volume Surges and Institutional Demand Accelerates

XRP showcased a pivotal trading session as the token briefly flushed from $2.03 to the critical $2.00 psychological level, triggering a massive 129.7 million volume spike — a surge of 251% above its 24-hour average. While the drop reflected intense selling pressure, it also revealed aggressive institutional absorption exactly at the $2.00 floor. This rapid liquidity intake fueled a sharp V-shaped recovery, pushing XRP back into the $2.07–$2.08 range and highlighting strong underlying demand from larger market participants.

The broader market backdrop continues to favor institutional accumulation. U.S. spot XRP ETFs have recorded uninterrupted inflows exceeding $1 billion since launch, marking the fastest early adoption curve for any altcoin ETF. This steady influx contrasts with muted retail sentiment, resulting in an environment where professional traders buy into weakness while retail investors hesitate. Despite declining derivatives open interest, ETF demand is providing a stabilizing force for XRP's macro structure.

Technically, XRP is maintaining a pattern of higher lows on intraday charts, suggesting early signs of trend reacceleration. However, repeated rejections near the $2.08–$2.11 resistance band indicate persistent overhead supply. Momentum indicators are showing bullish divergence, but a sustainable breakout requires stronger volume on upward moves rather than only during selloffs.

Across the 24-hour window, XRP traded within a tight $2.00–$2.08 band, failing three times to break above $2.08. Still, the token closed with consolidation around $2.06–$2.08, signaling stabilization above support even as range compression persists.

For traders, the $2.00 support remains the defining threshold. Institutional buying below this level hints at preparations for a broader expansion phase. A decisive breakout above $2.11 could open the path toward $2.20–$2.26, while a failure to hold $2.00 may trigger a retest of $1.95 — another zone where ETF-driven demand could reemerge. The ongoing disconnect between heavy institutional inflows and subdued retail activity continues to create asymmetric upside potential if resistance levels give way.