XRP is struggling to break the resistance of $2.12.

XRP trading volume has seen a 38% increase above weekly averages due to significant institutional events. However, it has remained below the overall cryptocurrency market. Although XRP briefly reached the $2.17 level, it was unable to maintain momentum. This suggests that large investors may be closing existing positions instead of opening new ones.

The inability of the token to remain above $2.12 indicates that there is strong resistance. If the $2.17 level cannot be breached with volume confirmation, ongoing selling pressure is expected to continue.