XRP drops 10% weekly and 70% yearly while maintaining institutional support through Morgan Stanley ETF holdings.
Macro & Markets ·
XRP has declined more than 10 percent over the past week and approximately 70 percent since the start of the year, with the token hovering near the $1 mark. Despite the sustained price pressure, institutional participation in XRP remains notable, with major financial firms including Morgan Stanley maintaining holdings through XRP-linked exchange-traded funds. The discrepancy between institutional commitment and broader market weakness underscores divided sentiment around the asset.
Technical signals currently lean bearish, with the Taker Buy/Sell Ratio at depressed levels and futures open interest elevated—typical markers of downward momentum. Traders are monitoring whether XRP can reclaim the $1.24 level, a threshold that may signal potential relief from current selling pressure.
The gap between institutional positioning and price action remains unclear. It is unknown whether large holders view current levels as an entry opportunity or whether additional institutional capital will flow into XRP-linked products. The sustainability of institutional interest amid prolonged losses and the catalysts that might trigger a recovery above $1.24 remain open questions.