XRP News Today: XRP Experiences Turbulent Decline Amid Subtle Institutional Acquisition
- XRP trades below $2.50 amid bearish technical indicators and macroeconomic pressures, with RSI at 43 and key EMAs above price. - Institutional adoption grows: Ripple's XRPL sees 8.9% QoQ transaction rise, 6.9M addresses, and SBI Holdings' $10B XRP stake. - Structural upgrades like MPTs with ZKP compliance and Unichain's Ethereum Layer 2 integration expand XRP's enterprise utility. - Seven U.S. XRP ETF applications await SEC approval (99% approval probability by year-end), while RLUSD's market cap surges
The
Despite these headwinds, some bulls remain cautiously hopeful. Should XRP reclaim the $2.50 mark, it could spark a reversal in trend, especially since the Moving Average Convergence Divergence (MACD) has maintained a buy signal since late October, according to FXStreet. On the institutional side, the narrative is shifting. Ripple’s
Ongoing upgrades are also attracting more institutional players. XRPL has recently rolled out Multi-Purpose Tokens (MPTs) that include metadata for real-world asset (RWA) details, as well as confidential MPTs protected by zero-knowledge proofs (ZKPs) to address compliance requirements, according to Bitcoinist. These innovations equip the ledger to handle tokenized assets and financial data streams, making it more appealing to enterprises. Meanwhile, seven U.S. spot XRP ETF proposals are awaiting SEC review, with prediction markets giving a 99% chance of approval by the end of the year, as cited by Bitcoinist.
Strategic partnerships are further broadening XRP’s use cases. Unichain, a new
On the institutional side, major global players are steadily accumulating XRP, with Japan’s SBI Holdings reportedly holding $10 billion worth of the token—the largest corporate holding, according to a
Nevertheless, the short-term outlook remains uncertain. XRP’s price recently fell to $2.44, its lowest since October 24, as the market reacted to the Federal Reserve’s rate cut and developments in U.S.-China trade, according to a
As the market weighs technical challenges against ongoing structural improvements, XRP’s future will depend on institutional trust and regulatory developments. With new infrastructure and key partnerships in place, the token’s long-term prospects remain strong, even as short-term volatility continues, as highlighted in the FXStreet, Bitcoinist, and Coinpedia reports.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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