XRP is struggling to break the $2.12 resistance.

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

The inability of the token to stay above $2.12 indicates a strong resistance level. If the $2.17 level cannot be breached with volume confirmation, continued selling pressure is expected.