XRP Price Struggles Amid Persistent Selling Pressure

XRP's price has been flat in recent trading as the asset struggles to break free from persistent selling pressure. Despite institutional inflows and a surge in tokenized real-world assets, XRP remains below its key moving averages, signaling continued downward momentum.

The XRP Ledger is set to undergo a major upgrade this week with the introduction of v3.3.0, which includes new features and network stability improvements aimed at attracting enterprise adoption.

However, despite these developments, XRP's price action has been under pressure across all timeframes, with technical indicators reinforcing a negative outlook. The Ichimoku Kijun level at $1.0744 serves as immediate resistance, while principal support is marked at $1.0592.

In the short term, analysts expect XRP to consolidate within a volatility band between $1.0592 and $1.0806, with upside probability considered low due to ongoing downside risk.