BTC, XRP Price News: Ripple at Risk of $2.05 Retest as Bitcoin Gives Back Weekly Gains
XRP broke below the critical $2.07 support level amid high volume, signaling a potential retest of $2.05 despite strong institutional ETF inflows.Summary
Ripple's XRP token is facing significant technical weakness, breaking the critical $2.07 support level on a surge in trading volume, which suggests a deeper correction may be underway. This breakdown occurred despite strong institutional adoption, evidenced by nearly $850 million in inflows into spot XRP ETFs since their launch. However, broader market liquidity is thin, and declining open interest indicates reduced speculative participation, making altcoins sensitive to technical breakdowns, especially as Bitcoin gives back weekly gains.
Technically, XRP showed a pattern of lower highs, with volume confirming seller dominance at resistance near $2.11–$2.13. The decisive break below $2.07, confirmed by a secondary volume burst pushing prices near $2.00, has turned the former support into immediate resistance. Momentum indicators like RSI and MACD are now tilting bearish.
Traders should watch the $2.05 level closely; failure to hold this could expose the deeper $1.90–$1.97 demand region. For bullish momentum to return, XRP must convincingly reclaim the $2.07–$2.11 range with rising volume.
(Source：CoinDesk)