XRP DROPS 4% AS TRADERS WATCH WHETHER $1.88 SUPPORT HOLDS. Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset. XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves. XRP sank nearly 4% as bitcoin dropped under the $88,000 mark on Sunday, ahead of a busy week with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings.
The consolidation came as spot XRP ETFs recorded their first meaningful weekly outflows since launch, totaling roughly $40.6 million, signaling near-term institutional profit-taking rather than fresh risk-on positioning. There were no negative developments around Ripple or the XRP Ledger during the period. Ripple’s regulatory standing and payments use case remain intact, leaving price action driven primarily by market structure, positioning, and reduced participation rather than fundamentals. The session’s most notable move occurred around 09:00 UTC, when volume briefly surged to 34.5 million tokens as XRP dipped toward $1.89 before bouncing back above $1.90.
From a technical standpoint, XRP remains stuck in consolidation rather than trending. Resistance remains layered above price. Near-term selling pressure sits around $1.93–$1.95, while a more significant descending trendline comes in closer to $2.10. As long as XRP stays below these levels, upside attempts are likely to be faded.
Volume behavior supports the consolidation view. Participation spikes have coincided with reversals rather than breakouts, and the sharp drop-off in volume into the close suggests indecision, not aggressive accumulation or distribution. The key takeaway is that XRP is compressing, not breaking down.
Support near $1.88 is holding, indicating sellers are losing momentum rather than accelerating. Volume is drying up, which often precedes a larger move once direction is resolved. ETF outflows reflect rotation and profit-taking, not a loss of confidence in the asset.
For now: A move above $1.95 would signal the start of structural repair toward $2.03–$2.06. A break below $1.85 would invalidate the base and reopen downside risk.
Until then, XRP is likely to remain range-bound, frustrating trend traders but favoring short-term, mean-reversion setups. In simple terms: XRP isn’t weak enough to break, but not strong enough to run — yet.
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