- XRP trades near key $2 support with $450B in liquidations below—potential for sharp move.
- Coinbase to launch 24/7 XRP futures June 13, boosting institutional trading access.
- New XRP lending platform offers futures-hedged loans, expanding institutional use cases.
XRP is currently trading at $2.17, after 181 days of compressed price action. Traders and analysts are observing chart structures that could suggest a breakout is nearing. As volatility tightens, key signals across both spot and derivatives markets point to a high-volume move ahead.
Price Structure and Liquidation Pressure Build Below $2
XRP has traded in a narrow range between $2.11 and $2.35 over the last seven days. This tight structure signals indecision. Trading volume fell 37% in 24 hours to $1.51 billion. Derivatives activity mirrored the trend, with futures volumes dropping to $2.97 billion.
Support at $2.12 is being closely watched. A breakdown may test $2.00, with deeper support found between $1.91 and $1.95. According to an observation by Steph Is Crypto, over $450 billion in liquidations sit below the $2 mark. This level could trigger a sharp move if breached, as sell-stops and leverage unwind.
Technically, the token trades near the lower Bollinger Band with an RSI of 40.82. The MACD also remains negative. XRP remains within a longer-term bearish channel but holds above the 200-day EMA.
Institutional Access Expands with Futures and Lending Platform
On May 29, Coinbase Institutional confirmed 24/7 XRP futures trading will begin June 13. Each contract will represent 10,000 XRP, with a 10% hourly fluctuation limit. This follows the launch of regulated XRP futures by Coinbase Derivatives in April, aiming to provide broader and safer exposure.
Meanwhile, Ault Capital Group announced plans for an institutional XRP lending platform. According to the company’s statement, this initiative will support U.S. public firms through futures-hedged, asset-backed loans. Contracts will be recorded on-chain via the XRP Ledger.
According to Coinbase’s CEO Andy Sears, “This is a game-changer for the industry.” The market now awaits confirmation from chart patterns, with some traders targeting $10, $18, and even $27 if resistance zones are broken in the coming weeks.
