Overview
- XRP fell to a $2.155 low and remained under $2.30, extending a bearish daily structure after repeated rejections near prior resistance.
- Canary Capital’s XRPC launched with $58 million in first-day trading and roughly $250 million in reported inflows, signaling early institutional interest.
- On-chain trackers reported 716 transfers over $1 million alongside nearly 200 million XRP moving out of whale-controlled addresses within 48 hours.
- Glassnode data indicates long-term holders turned net sellers even as short-term cohorts accumulated, limiting the impact of dip buying.
- Derivatives showed strain with about $28 million in XRP liquidations over 24 hours, and key levels to watch are resistance at $2.24–$2.46 and support at $2.07–$2.22, with a break below $2.15 risking $2.05–$1.88.