21Shares’ TOXR ETF Goes Live as Institutional Demand Heats; XRP Rejection and On‑chain Supply Compression Continue

first published 2025-12-11T05:18:32Z

XRP fell from $2.09 to $2.00 (‑4.3%) following a decisive rejection at $2.08–$2.10. A 172.8M volume spike (205% above the daily average) and session volume 54% above the 7‑day average point to institutional selling defending resistance. U.S. spot XRP ETFs recorded over $170M in weekly inflows while exchange balances declined from 3.95B to 2.6B tokens, causing multi‑month supply compression and a tightening triangular range. Key technicals: support $2.00/$1.95, resistance $2.09–$2.10.

AI Analysis

Price fell 4.3% after a clear rejection at $2.08–$2.10 and session volume was 54% above the 7‑day average with a 172.8M spike (205% above daily average), indicating institutional selling at resistance. Offsetting this is >$170M of weekly inflows into spot XRP ETFs and exchange balances falling from 3.95B to 2.6B (supply compression), which limits purely bearish interpretation — therefore negative short‑term sentiment but moderate market impact.

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