XRP Price News: Traders Eyes Breakout Above $2.11 as U.S. ETFs Cross $1B Milestone
Summary
XRP's price defended the crucial psychological support level of $2.00 amidst a significant volume surge, confirming heavy institutional buying absorbing liquidity during a $2.03 to $2.00 flush. This defense, coupled with U.S. spot XRP ETFs surpassing $1 billion in cumulative demand—the fastest early adoption for any altcoin ETF—highlights strong institutional interest despite muted retail sentiment. Technically, XRP is forming higher lows, but it faces resistance at the $2.08–$2.11 cluster. A decisive breakout above $2.11 is required to target higher resistance zones near $2.20–$2.26. Conversely, failure to hold $2.00 could lead to a retest of $1.95, where ETF-driven buying is expected to reappear.
(Source:CoinDesk)