XRP price drops — what’s behind today’s move

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XRP Slides 10.01% Today to $1.91

Highlights

Major U.S. exchanges NYSE, Cboe BZX, and Nasdaq have approved spot XRP ETFs from Bitwise, 21Shares, Franklin Templeton, and Canary Capital, driving institutional inflows.
The XRP Ledger ecosystem is expanding with tokenization of assets such as U.S. Treasuries and money market instruments, and is integrating staking features and RLUSD stablecoin adoption in Africa and corporate payments.
Despite growing institutional attention, concerns persist over XRP's low on-chain revenue compared to its market capitalization.

Institutional inflows rise as ETF launches offset utility concerns

XRP has attracted increased institutional attention following the launch of several spot XRP ETFs by Bitwise, 21Shares, Franklin Templeton, and Canary Capital, all approved for trading on major U.S. exchanges including NYSE, Cboe BZX, and Nasdaq. The XRP Ledger ecosystem continues to grow with expanding tokenization of assets such as U.S. Treasuries and money market instruments, along with efforts toward integrating staking features and the adoption of the RLUSD stablecoin in Africa and corporate payments. Despite institutional inflows, concerns remain over XRP’s low on-chain revenue relative to its market capitalization.

Anton Kharitonov, expert at Traders Union, highlights that XRP has broken below all key moving averages, underlining strong bearish momentum. He observes that negative signals from the MACD and oscillators suggest little chance for a swift recovery, with sellers firmly in control. Kharitonov points to institutional activity and the expansion of the XRP Ledger as positives, but stresses that weak on-chain revenue and the lack of near-term support add to downside risk. The analyst sees limited likelihood of a bullish reversal over the next few days, while high volatility increases potential for further declines. "Traders should remain cautious given the persistent bearish bias and absence of robust support below $1.96."

Viktoras Karapetjanc, expert at Traders Union, views recent institutional inflows and new ETF listings as major positives for XRP’s long-term structure. He notes expanding tokenization and RLUSD stablecoin integration as evidence of growing real-world adoption, even as prices face near-term pressure. Karapetjanc believes these developments reinforce the bullish foundation and open up multiple growth scenarios once the short-term selling abates. "XRP’s underlying momentum remains strong — I expect further growth opportunities as institutional participation deepens and ecosystem innovation continues."

Downside momentum persists amid strong selling and volatility

Momentum signals remain firmly negative, with the MACD on D1 indicating further downside and the ADX at elevated levels confirming a strong bearish trend. Oversold readings on the RSI, Stoch RSI, and CCI reflect growing selling exhaustion, but the BBP shows sellers still dominating intraday action. The Awesome Oscillator further reinforces the negative momentum direction. XRP opened slightly lower today with no significant gap, then dropped sharply by 10.01% to trade near the lower end of its intraday range, indicating high volatility and sustained selling pressure throughout the session. Both momentum and oscillator signals confirm the prevailing downside bias, with no sign of a bullish divergence intraday.

Previously it was noted that market sentiment deteriorated sharply, reflected in the Crypto Fear & Greed Index, which plunged to 11 (Extreme Fear) and signaled heightened investor anxiety. The article also highlighted Bitwise's debut of its spot XRP ETF, as well as RippleX exploring early concepts of native XRP staking.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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