XRP Faces Another Sharp Rejection at $2.10 as Institutional Flows Surge

XRP slipped back to the $2.00 psychological zone on Wednesday after another failed attempt to break through the heavy $2.09–$2.10 resistance band. The token dropped 4.3% from its intraday high at $2.09, underperforming the broader crypto market by roughly one percentage point. The rejection was driven not by retail panic but by aggressive institutional selling, with volume surging 205% above average as XRP touched $2.08. That liquidity burst flipped the move into a clean failed breakout and reinforced the dominant supply zone that continues to cap upside momentum.

Despite the price pullback, institutional flows into U.S. spot XRP ETFs remained strong. Weekly inflows topped $170 million with zero outflows, highlighting steady demand even as spot markets remain choppy. Exchange balances tell the same story: total supply on exchanges has fallen from 3.95 billion to 2.6 billion XRP over the past 60 days, signaling long-term accumulation and supply compression beneath the surface. This divergence between dwindling supply and stalled price action is tightening the multi-month triangle pattern, setting the stage for a larger, potentially explosive move once direction resolves.

Intraday trading reflected heavy selling pressure above resistance, where market makers had already flagged significant offers around $2.10. XRP formed higher lows just above $2.00 late in the session, suggesting buyers are defending the level for now. Still, momentum remains tilted bearish after repeated rejections at the same resistance band and weakening volume on bounce attempts.

Traders are now watching whether $2.00 can withstand another test. A decisive breakdown could accelerate losses toward $1.95, while a bullish breakout requires sustained closes above $2.10 supported by at least 100 million in hourly volume. With compression nearing its apex and exchange supply thinning, XRP’s next directional move is expected to be larger than the last, making this a pivotal moment for the token’s mid-term trend.