XRP Price Faces Downside Risk as Technical Indicators Show Dominant Selling Pressure

XRP has been trading at $1.5194, down 1.97% on the day, and is currently below its key short- and medium-term moving averages.

The asset remains above the longer-term trend benchmark, but technical indicators show dominant selling pressure and a projected price range of $1.4625 to $1.667 for the next few days.

Institutional inflows into XRP-based products have been significant, with Spot XRP ETFs attracting four consecutive days of net inflows totaling more than $117 million and lifting total assets under management to over $1.7 billion.

The RLUSD stablecoin's circulation on the XRP Ledger has surpassed $2.4 billion, highlighting ongoing activity and stablecoin usage within the ecosystem.