XRP Price Slog Continues Amid Oversold Conditions
XRP's price slump has slowed down due to oversold conditions limiting further downside, according to Traders Union. The cryptocurrency is trading at $1.4443, down 4.92% on the day.
The asset remains under short-term pressure, with price action tracking near session lows amid high volatility. However, whale accumulation and record fund inflows have supported elevated liquidity in XRP ETFs.
Major U.S. banks including Goldman Sachs, JPMorgan, and Morgan Stanley disclosed large XRP ETF holdings, with institutional inflows above $1.55 billion. This uptick in reported institutional participation points to enhanced demand and mainstream recognition of XRP.