XRP fell to $2.07 as traders sold near $2.13, despite steady institutional demand. Regulatory and institutional signals are positive. Ripple’s e-money license in Luxembourg allows expansion in the EU. Institutional interest remains strong with $1.26 billion in net inflows. Near-term price action driven by technicals and profit-taking.

XRP dropped 3.7% in 24 hours, hitting $2.070 from $2.149. Selling pressure near $2.13 with high volume. A quick drop to $2.059 triggered rebound. Price settled near $2.07, facing resistance. Heavy selling near $2.13 indicates bearish control.

This is a sell-the-rally market with resistance at $2.13. ETF inflows and shrinking exchange balances support XRP’s medium-term outlook. Short-term traders profit-taking near $2.13 keeps price range-bound. While the bounce from $2.059 eases downside pressure, resistance remains at $2.13, indicating a lack of follow-through buying.

Read more at Yahoo Finance: XRP falls 4% on crypto market weakness even as ETF inflows stay strong