XRP Slides 7% Amid Institutional Selling, Eyes $1.80

Despite growing institutional infrastructure around XRP, short-term flows turned sharply bearish, pushing the token down 7.2% from $2.21 to $2.05. Heavy institutional selling broke key support levels, overpowering strong ETF inflows and dragging XRP back into its November correction range.

ETF demand remained robust, with spot inflows reaching $666.6M this month, led by 21Shares’ new TOXR listing. Exchange supply has dropped 45% over the past 60 days, indicating large-scale accumulation, while whale wallets added 150M XRP since November 25. Nevertheless, intensified selling pressure on Tuesday, alongside broader risk-asset weakness, dominated market dynamics.

The breakdown below $2.16 marked a decisive failure of XRP’s recent consolidation, a pivot level for the past three weeks. The move pushed XRP into a descending channel defined by lower highs at $2.38, $2.30, and $2.22, signaling increasing bearish control.

Volume spiked to 309.2M—over 4.6× the rolling daily average—highlighting significant institutional exit flows rather than normal market noise. Intraday retests of $2.05 drew strong buyer defense, but no confirmed reversal emerged. Momentum indicators show deep short-term oversold conditions, though not yet sufficient to signal a completed corrective wave. The $2.05–$2.00 zone remains pivotal; a breakdown would expose the broader November demand band between $1.80 and $1.87.

Hourly candles reflect a descending channel with lower highs and tightening ranges, while multiple failed recoveries near $2.12 indicate persistent selling. Buyers absorbed dips at $2.05, yet momentum is insufficient to reclaim broken support.

Key Levels and Considerations:

• Holding $2.05 is critical; a drop would target $1.87–$1.80.
• Reclaiming $2.16 is needed to invalidate the bearish structure.
• ETF inflows support the long-term outlook, but short-term tape remains heavy.
• Watch for bullish divergence on hourly RSI and MACD as early reversal signals.
• A high-volume reclaim of $2.12–$2.16 would suggest accumulation is resuming.