XRP Faces Bearish Pressure as Institutional Interest Grows

XRP's price has been under bearish pressure lately, with some analysts suggesting it may be finding support in the $0.85-$0.65 range.

Crypto analyst Crypto Patel believes this region could offer a strategic accumulation point, but warns that a significant rebound may require further price decline.

Patel's long-term price targets include $3, $5, $7, and $10 in future major rallies.

Meanwhile, institutional exposure to XRP-linked exchange-traded funds (ETFs) has been increasing, with Strive Financial Group disclosing its holdings in the Teucrium 2x Long Daily XRP ETF and the XRP ETF offered by Canary.

This development may lay the groundwork for future adoption, but a decisive turnaround in price action is necessary before a sustained rally can be expected.