XRP is maintaining stability near a crucial support zone, trading around $2.17. Over the past week, the price has oscillated between $2.11 and $2.35, signaling uncertainty in market sentiment. Notably, trading activity has cooled off — with spot market volumes dropping by 37% and a similar pullback seen in the futures market. This dip suggests short-term caution among investors.
However, beneath the surface, institutional momentum is quietly building. Coinbase Institutional has announced the launch of 24/7 XRP and Solana (SOL) futures trading for U.S. clients starting June 13, embracing the always-on nature of crypto markets. Meanwhile, Hyperscale Data’s Ault Capital Group is set to launch an institutional XRP lending platform in Q3, specifically targeting publicly traded firms on Nasdaq and the NYSE.
This lending platform will offer asset-backed, futures-hedged loans, all tracked transparently via the XRP Ledger. Ault Capital plans to acquire up to $10 million worth of XRP to support this initiative, managing volatility through CME futures contracts — a strong signal of long-term confidence.
Technically, XRP is hovering just above its lower Bollinger Band ($2.12), with the midline resistance around $2.34. The Relative Strength Index (RSI) is at 40.82 — nearing oversold territory — while most moving averages flash bearish signals, except for the supportive 200-day MA. The MACD indicator also confirms a short-term bearish outlook, sitting below its signal line.
If XRP breaks below the $2.12 mark, it could test the psychological support at $2.00, with a firmer floor between $1.91 and $1.95. On the upside, bulls must reclaim the 20-day simple moving average ($2.34) and push past the upper Bollinger Band at $2.56 to reestablish bullish momentum.
Conclusion XRP
Despite short-term technical headwinds, the quiet but growing interest from institutional players may set the stage for a price reversal. XRP’s long-term outlook could be shifting — just as Wall Street begins to make its move.
