On Tuesday, XRP experienced a noticeable uptick in trading activity, yet its price action fell short of broader market gains. Despite a 0.50% increase to roughly $2.09, the token underperformed compared to other major altcoins. A near 38% surge in volume versus weekly averages points to significant institutional participation, which appears to be both supportive and constraining.
Market Recap
Earlier this week, Bitcoin and Ethereum rallied on macro optimism, briefly pushing the total crypto market cap above critical resistance levels. XRP, however, lagged behind, posting only modest gains. Traders noted that while retail demand stayed steady, large sell orders from institutional accounts prevented the token from following the broader bullish trend.
Institutional Influence
The spike in volume indicates that whales and institutional desks have been actively reallocating positions in XRP. High-volume blocks suggest profit-taking near the $2.10 mark, even as market makers tried to absorb the selling pressure. This dynamic has created a tug-of-war scenario where inflows from new investors are met with exit liquidity from large holders.
Technical Outlook
On the daily chart, XRP remains range-bound between $2.00 support and $2.15 resistance. Key indicators such as the Relative Strength Index (RSI) hover around neutral territory, signaling indecision among traders. A sustained break above $2.15 with volume confirmation could trigger a move toward $2.30, but failure to hold above $2.00 may open the door to a retest of $1.90.
Key Takeaways
- Trading volume jumped nearly 38% above the weekly average, driven by institutional flows.
- Price rose 0.50% to $2.09 but lagged behind wider market gains.
- Major resistance sits at $2.15, with support anchored around $2.00.
- Institutional selling is capping further upside despite healthy liquidity.
Conclusion
While XRP’s recent volume spike underscores strong market interest, institutional selling has capped its short-term momentum. Traders will be watching the $2.00–$2.15 range closely for signs of a breakout or breakdown. Until large stakeholders change course, XRP may continue to underperform relative to its crypto peers.
34-year-old writer and content strategist with a passion for technology, culture, and storytelling. Over the past four years, he’s taken a strong interest in the crypto sphere, diving deep into blockchain trends, meme coin madness, and the evolving DeFi space.
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