XRP Plummets 7%: Can $2.05 Save the Day? 📉

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Oh dear! XRP has tumbled 7% to £2.05, with the mysterious forces of institutional selling shattering the fragile support. A most distressing decline, indeed! 🧠

XRP fell by 7 per cent to 2.05, a most unfortunate turn of events, as the unseen hands of institutional sellers crushed ETF inflows. Falling below the 2.16 support caused a most alarming liquidation of 309.2M volume spike. It is imperative to hold at £2.05, or the price may descend further to £1.80, a most unseemly prospect. 💸

XRP crashed 7% to £2.05 on December 1, a day that shall be remembered with trepidation. The token pierced the important support at £2.16, a most unfortunate breach. Strong ETF demand was trampled by the relentless institutional sellers during the session. 📉

This collapse pushed XRP into the correction range of November, a most unwelcome return. Selling violently began when £2.16 crumbled, a most alarming development. Risk assets were undermined throughout markets, fueling the negative movement. 🧠

Institutional Flows Turn Bearish Despite ETF Surge

This month, XRP spot ETF inflows reached £666.6 million, with 21Shares leading the way with a new TOXR listing. Exchange supply fell by 45 percent in 60 days, a most perplexing decline. 🧠

Since November 25, whale wallets have gained 150 million XRP, a most curious occurrence. But institutional selling prevailed, a most vexing situation. Demand for ETFs could not offset derivatives unwinding and giant exits. 🧠

Cryo benchmarks became more liquid in the market, a most unexpected turn. Afternoon hours were selling heavily, which increased losses. Short-term flows became strongly bearish as infrastructure continued to grow. 📉

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Volume Spike Confirms Institutional Exit

The decline below the 2.16 spot terminated three weeks of consolidation, a most decisive point. That stage became a decisive point. Its downfall marked a revival of full swing by sellers. 📉

XRP slipped into a downward channel that had decreasing highs. Peaks formed at £2.38, £2.30, and £2.22. Every bounce generated a less powerful follow-through, a most disappointing sight. 🧠

Volume shot to 309.2 million tokens exchanged, a most alarming figure. This was 4.6 times the rolling average. These spikes usually indicate institutional exits, but not retail noise. 📉

The buyers defended at 2.05 with several intraday retests. There were 3 million-plus volume spikes in each test. However, no proven U-turn was brought about by oversold conditions. 🧠

Source:   ChartNerdTA on X

The traders should observe the reaccumulation fractal as suggested by ChartNerdTA on X. The analyst pointed out that there is a severe zone of formation (Spring). In case XRP succumbs to multi-month support, this area becomes crucial. 🧠

You might also like: XRP News: XRP’s Sharp Reversal: Massive ETF Demand Fuels V-Recovery Above £2.20 📉

Critical Support Zone at £2.05 Tested

XRP plunged from £2.21 to £2.05 in hours, a most distressing decline. The highest-selling hit broke at more than 2.16. Liquidations continued through the session. 📉

Volume increased 464 percent beyond average, a most alarming validation of severe distribution pressure. There was a falling channel pattern of hourly candles. 🧠

Several recovery efforts around £2.12 failed miserably, a most unfortunate outcome. The sell pressure turned every bounce away. Buyers absorbed dips at £2.05 without reclaiming lost ground. 📉

Momentum indicators present extreme short-term oversold values. And, though divergence has not indicated a correction accomplished. The 2.05-2.00 range is purely critical. 🧠

The loss of this support puts £1.80 to 1.87 next. The last line of defense is that November demand. To invalidate the bearish structure, it would be necessary to reclaim £2.16. 📉

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2025-12-02 07:43