XRP Price News: Slides 7% as Technical Breakdown Opens Move to $1.80
CoinDesk
XRP plunged 7% to $2.05 after breaking critical support, despite strong institutional ETF inflows, potentially targeting $1.80.Summary
XRP experienced a sharp 7% decline, falling to $2.05 due to a wave of institutional selling that broke through the critical $2.16 support level, overriding positive factors like significant ETF inflows ($666.6M this month) and whale accumulation. This breakdown signals a return to bearish control, pushing XRP back into a descending channel. The selling volume was exceptionally high (309.2M, 4.6x the average), suggesting institutional distribution. The immediate pivotal zone is $2.05–$2.00; failure to hold this level exposes XRP to the larger November demand band between $1.80 and $1.87. Traders should watch for a reclaim of $2.16 to invalidate the bearish structure, while holding $2.05 is critical for short-term stability.
(Source：CoinDesk)