XRP Defends the $2 Level: Is the Wyckoff Pattern Still Unfolding?

XRP holds key support near USD 2.00 after a sharp decline. Analysts point to a Wyckoff setup, ETF flows and macro support for possible recovery.

Meanwhile, trading volume for the token reached $3.8 billion during the same period. The price action has remained within a narrow range, with XRP hovering between $2.00 and $2.21 over the past day. The weekly scale also shows some weakness, with assets down more than 2%.

Wyckoff Setup shows that support still holds

A Wyckoff reaccumulation structure, shared by analyst ChartNerd places XRP at the bottom of a multi-month range. On the map it is in what is known as Phase C – an area where a short-lived dip below support (a ‘spring’) can form before a reversal occurs. They wrote,

“If $XRP deviates from multi-month support, now you know what I’m looking for.”

If the pattern repeats, the next steps would include a range recovery followed by a break through resistance. The setup includes a “Test‘ and then a ‘Jump over the creek”, these are standard phases in Wyckoff models that often lead to upward continuation. For now, the structure remains in place.

ChartNerd will also appear in a separate update be to the $2.05 zone as the key level. This area corresponds to the candle closes of

“There is STILL no loss of macro structure due to the accumulation of the last twelve months.”

The price remains within the broader range that has persisted for most of the year. As long as these levels are defended, the broader scheme remains unchanged.

Larger trend intact despite bearish pressure

Egra Crypto shared a breakdown of XRP’s position across multiple time frames. Six of them – including the 4H, 1D, 3D, 5D, 1W and 2W – show a price below the 21 EMA. However, the monthly chart remains above that line.

You might also like:

“There is still one KING time frame bullish… the month.”

Erag estimates a 55-65% chance that XRP will reach $13 within the next three to six months, provided the monthly chart maintains its trend.

“As long as the monthly rate remains above this structure, the roadmap towards $9 → $13 remains valid,” he wrote in a thread.

Selling pressure leads to liquidations

CW shared those recent sales came from Binance and OKX, which quickly sold more than 11 million XRP. This led to large-scale liquidations of long positions.

“China whales dumped this volume… leading to the liquidation of a large number of long positions,” the analyst said.

Some of the volatility also comes after the launch of multiple XRP-linked ETFs. As with previous ETF releases, the price retreated despite strong demand. Four ETFs tied to XRP have now seen net inflows of over $660 million. The largest among them, XRPC, has raked in more than $340 million.