XRP Downtrend Continues Amidst Institutional Support and Regulatory Advances

XRP has been experiencing persistent downtrend pressure, currently trading at $1.3635 after a daily decline of 2.22%. Despite holding above long-term support, it's below its key short- and medium-term moving averages.

Institutional allocation remains strong with XRP spot ETFs recording $110 million in weekly net inflows, the largest in 2026. This indicates heightened institutional interest despite ongoing selling pressure.

Ripple has secured preliminary conditional approval from the OCC to establish a federally supervised trust bank, further positioning itself for growth.

Analysts warn that XRP faces strong seller momentum and predict it will likely trade within a narrow range of $1.3031 to $1.4116 over the next two to three sessions.