XRP Trades Between $2.07 and $2.17 Amid Market Rebalancing
XRP is currently trading in a narrow range, reflecting a period of consolidation following heightened activity in derivatives markets. After a two-sided liqquidation event on Binance Futures, price action stabilized, leaving XRP confined between key support at $2.07 and resistance near $2.17. While short-term volatility has cooled, broader interest in XRP’s infrastructure continues to strengthen.
The recent liquidation reset flushed excess leverage from both sides, resulting in range-bound price behavior. As long as $2.07–$2.08 remains intact, XRP is likely to continue grinding within this band, with $2.17 and $2.20 acting as the next upside checkpoints.
A decisive move above $2.17 with follow-through could signal a transition from consolidation into a renewed trend, opening upside toward $2.25–$2.30. Conversely, a breakdown below $2.07 would expose $2.05, followed by the $1.85–$1.90 demand zone from the prior correction.
Institutional Infrastructure Developments
Beyond price, XRP continues to attract institutional attention. Evernorth, an XRP-focused digital asset treasury firm backed by major industry players, has entered a strategic collaboration with Doppler Finance. The initiative is exploratory, focusing oon institutional liquidity frameworks and treasury management use cases on the XRP Ledger. This contrast highlights a market where fundamental infrastructure progress remains constructive, even as near-term price action is driven by derivatives positioning rather than fundamentals.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.