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XRP hovers around $2.05, a tug-of-war between large investors adding positions and institutions selling off

YieldWhisperer
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Abstract generation in progress
【Crypto World】XRP has recently been consolidating around $2.05. After failing to break through $2.20 previously, it has finally held the crucial $2.00 level. The current situation is a bit challenging: on one side, the US spot ETF is steadily buying daily (average $10.6 million), and on the other side, Ripple's ongoing $200 million monthly XRP sell-off continues to exert pressure. It sounds like a stalemate, but on-chain data is quite interesting—large holders aggressively added over 50 million XRP last week, yet derivatives traders are also piling into longs quite aggressively. This kind of contrast can easily trigger a market move. In the short term, whether it can break through key levels depends on two points: either surpassing $2.20 to form a new high, or cleanly dropping below $2.00. The consolidation range in between is actually quite limited.
XRP-2.53%
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