XRP Price Falters Near Key Support as Institutional Interest Remains Strong

XRP's price has declined to $1.38, placing it near critical support at the 200-week EMA of $1.37.

This significant drop marks a 2.46% decline from its previous value and poses a risk of further downside to $1.27 if broken.

Despite this price weakness, institutional interest in XRP remains strong, with ETFs attracting $110.49 million in weekly inflows, the highest since December 2025, led by Bitwise and Franklin Templeton.

Rising network activity is also evident on the blockchain, while Evernorth, holding over 473 million XRP, has secured SEC approval for a NASDAQ listing via merger, pending a shareholder vote on September 30.