XRP Holds Support at $1.40 as Ripple Prime Expands

Ripple's XRP token continued its downward trend on Friday, extending lock-step trading for the third consecutive day. Despite support at $1.40 being under pressure, analysts believe it will remain resilient and limit further downside risk.

The recent 72% rally from $1.00 to highs around $1.70 has kept XRP in defense mode since last week. However, the increasing probability of a bullish reversal suggests that prices may soon bounce back up.

Ripple Prime's launch of Delta One business within its Ripple Prime global, multi-asset brokerage platform on Thursday marked a significant milestone for the company. The new service enables institutional users to execute Total Return Swaps across US equities, indices, and digital assets.