XRP Price Tumbles Amid Retail Panic as Institutional Infrastructure Lays Dormant

XRP's price has been hovering near $1, causing some retail investors to panic-sell. However, analyst Brad Kimes of Digital Perspectives points out that this is not an uncommon pattern in XRP's history.

Kimes notes that the fundamentals and technical picture for XRP currently align with a retest of the $1 level. He also mentions that Congress is in recess and the CLARITY Act is still unresolved, putting downward pressure on sentiment.

Meanwhile, Ripple has been quietly building institutional relationships over the past 15 years. The company's ties to the Royal Bank of Canada go back as far as 2015, and it also has a relationship with the Bank of Montreal.

Ripple Prime and Ripple Treasury, rebranded versions of Ripple's acquisitions of Hidden Road and GTreasury, handle $16 trillion in volume annually. This figure existed before either business unit had touched a digital asset, and the volume now sits under Ripple's umbrella, waiting for the moment it starts flowing through XRP-based rails.