XRP Holds Key Support Amid Ripple's Institutional Growth

XRP's price remains under pressure near $1.09, struggling to break above key moving averages and plagued by bearish technical signals such as a low RSI reading.

Despite this weakness, Ripple continues to expand its institutional offerings with the launch of the Ripple Mint platform and growth in stablecoin RLUSD supply.

The company has also secured a full EU regulatory license under MiCA, a significant milestone for its compliance efforts.

The XRP Ledger is undergoing network upgrades aimed at improving scalability and security, further supporting Ripple's infrastructure.

For now, the near-term price outlook remains cautious, with critical support at $1.07, but regulatory clarity and macroeconomic factors such as the upcoming Fed meeting could influence future momentum.