XRP price has stumbled once again against the psychological and technical barrier of two dollars, marking the third failed breakout attempt in recent sessions. According to the analysis presented by Shaurya Malwa, the asset faces strong selling pressure at the $2.00 resistance, which has generated a notable disconnect between its current valuation and the structural improvements of the broader market.
Regarding the specific data of the day, the digital asset experienced a decline of approximately 1% during the session, sliding from $2.03 to the lower zone of the range. Most alarming for technical traders is the volume divergence, as during the latest rejection, trading volume surged roughly 186% above average. This behavior suggests that sellers are actively defending this critical level, rather than it being a simple passive pause, establishing a short-term support between $1.97 and $1.98 where buyers attempt to regroup.
On the other hand, this stagnation occurs in a context that, theoretically, should be bullish for the token. The Federal Reserve recently cut interest rates by 25 basis points, setting the target between 3.5% and 3.75%, which generally favors risk assets. Furthermore, the XRP ecosystem continues to expand with steady inflows into its U.S. spot ETFs and new DeFi integrations. However, these positive fundamentals have not translated into a decisive upside on the chart, keeping the asset trapped under a persistent technical ceiling.
Can Institutional Demand Prevent a Major Correction Towards $1.90?
Likewise, the current situation places XRP in a critical decision zone for the short term. Momentum indicators remain mixed, with an intraday structure that continues to print lower highs, which suggests a neutral-to-bearish outlook if key levels are not recovered. If the asset fails to hold the immediate support of $1.97, the market could witness a drop towards the $1.90 to $1.92 band. Conversely, sustained acceptance above $2.01 could trigger a momentum expansion towards $2.15, reactivating buying interest.
Finally, the scenario for XRP is defined by a compression between firm demand at the base of the range and persistent supply at the top. Although news about institutional adoption and cryptocurrencies continue to build a long-term fundamental floor, immediate price action remains cautious. Thus, until a clean breakout or breakdown occurs with sustained volume, range-bound strategies will continue to dominate daily trading, forcing investors to closely watch the $2.00 resistance.
