XRP Price Slides to $2.12 as Resistance Holds Despite Ripple’s European Regulatory Progress

XRP slipped 2.3% to around $2.12 after buyers failed to push the token above key overhead resistance near $2.17, highlighting ongoing technical fatigue even as Ripple advances its regulated payments strategy in Europe. The price action reflects a market caught between improving long-term fundamentals and short-term consolidation pressure, keeping XRP range-bound for now.

During the past 24 hours, XRP attempted to extend its recent rally but struggled to attract sustained demand. The token traded within a relatively narrow $0.07 range, retreating from $2.17 to $2.12 as momentum cooled. A sharp V-shaped move during U.S. trading hours drew significant attention, with volume surging at mid-session to nearly 140 million tokens, roughly 133% above the daily average. However, the rally attempt stalled quickly, and trading activity faded into consolidation as sellers defended resistance.

This muted price response comes despite constructive news on the regulatory front. Ripple recently received preliminary authorization for an e-money institution license in Luxembourg, a development that could allow the company to expand regulated digital asset and stablecoin payment services across the European Union. The firm is also pursuing a Crypto Asset Service Provider license under the EU’s Markets in Crypto-Assets framework, aligning its operations with the bloc’s evolving digital asset regulations. These steps strengthen Ripple’s position in Europe and support the long-term use case for XRP in cross-border payments.

Institutional activity around XRP remains notable. Spot XRP exchange-traded funds recorded net inflows of approximately $4.9 million over the past day, lifting cumulative inflows to about $1.37 billion. At the same time, XRP exchange balances have continued to decline, falling below 2 billion tokens from more than 4 billion in late 2025, a trend many traders view as supportive over the medium term.

Technically, XRP remains above important support levels, including the $2.02 Fibonacci retracement and the psychologically significant $2.00 area. As long as these levels hold, the broader structure suggests consolidation rather than a trend reversal. A decisive breakout above $2.22 could revive upside momentum toward $2.40, while a breakdown below $2.00 may expose deeper support near $1.90 to $1.80. For now, XRP is balancing strong regulatory and institutional signals against near-term resistance, leaving the market in wait-and-see mode.