XRP Traders Eyes Breakout Above $2.11 as U.S. ETFs Cross $1B Milestone

Source: CryptoNewsNet Original Title: XRP Traders Eyes Breakout Above $2.11 as U.S. ETFs Cross $1B Milestone Original Link:

News Background

• U.S. spot XRP ETFs continue pulling in uninterrupted inflows, with cumulative demand now exceeding $1 billion since launch — the fastest early adoption pace for any altcoin ETF.
• Institutional participation remains strong even as retail sentiment remains muted, contributing to market conditions where large players accumulate during weakness while short-term traders hesitate to re-enter.
• XRP’s macro environment remains dominated by capital rotation into regulated products, with ETF demand offsetting declining open interest in derivatives markets.

Technical Analysis

• The defining moment of the session came during the $2.03 → $2.00 flush when volume spiked to 129.7M — 251% above the 24-hour average.
• This confirmed heavy selling pressure but, more importantly, marked the exact moment where institutional buyers absorbed liquidity at the psychological floor.
• The V-shaped rebound from $2.00 back into the $2.07–$2.08 range validates active demand at this level.
• XRP continues to form a series of higher lows on intraday charts, signaling early trend reacceleration. However, failure to break through the $2.08–$2.11 resistance cluster shows lingering supply overhead as the market awaits a decisive catalyst.
• Momentum indicators show bullish divergence forming, but volume needs to expand during upside moves rather than only during downside flushes to confirm a sustainable breakout.