XRP Rejected at $2.10 as Institutional Distribution Intensifies Amid Supply Compression

Source: CryptoNewsNet Original Title: XRP Slides as Traders Take Bitcoin Profits, With ETF Flows Still Strong Original Link: Institutional flows jumped more than 50% above trend on Wednesday as XRP failed again to break through the $2.09–$2.10 ceiling. Sellers slammed the token off resistance and forced a clean move back into the $2.00 psychological shelf, leaving the broader structure stuck in multi-week compression while ETF inflows quietly tighten supply underneath.

What to Know

• XRP slipped from $2.09 to $2.00, losing 4.3% on the session and underperforming the broader crypto market by roughly 1%.
• The rejection was decisive: a 172.8M volume spike (205% above the daily average) hit right as XRP tagged $2.08, flipping the entire move into a failed breakout. The selloff didn’t come from retail panic.
• Volume across the session ran 54% above the 7-day average — classic institutional distribution above resistance rather than emotional dumping.
• Exchange balances dropped from 3.95B to 2.6B tokens over the last 60 days, compressing supply even as spot price failed to hold the breakout attempt. That divergence is setting up an increasingly asymmetric structure as XRP trades in a narrowing multi-month triangle.