XRP Stabilizes at Key Support as Institutional Signals Point to a Rebound
XRP is stabilizing near a pivotal support zone while financial institutions quietly expand their exposure. The asset currently trades at $2.17, reflecting a 1% daily drop and a 7.5% weekly decline. Over the past week, it has moved within a narrow corridor between $2.11 and $2.35, revealing market indecision.
Falling Volumes Contrast With Rising Institutional Backing
Spot market activity has contracted, with daily volume down 37% to $1.51 billion. Derivatives followed suit—futures volume fell to $2.97 billion, while open interest slid 3.4% to $3.90 billion, highlighting reduced speculative engagement.
Despite waning retail momentum, institutional expansion continues. Coinbase Institutional will launch 24/7 trading for XRP and Solana futures on June 13. The move follows April’s debut of CFTC-regulated XRP contracts, supporting around-the-clock market access for professional investors.
In parallel, Ault Capital Group, part of Hyperscale Data, announced a Q3 launch of an institutional XRP lending platform. The program, backed by a $10 million XRP reserve, will issue on-chain, asset-backed loans to NYSE and Nasdaq-listed firms, hedged via CME futures.
Technical Indicators Suggest Limited Immediate Upside
Technically, XRP is hovering near its lower Bollinger Band around $2.12, with the mid-band at $2.34 acting as immediate resistance. The RSI is at 40.82, approaching oversold territory but still lacking a reversal signal.
Short-term indicators remain negative. The MACD remains in bearish territory below its signal line at –0.027, while only the 200-day average offers any structural support.
A break below $2.12 could trigger a drop toward $2.00 or deeper support between $1.91 and $1.95. Bulls would need to reclaim the 20-day moving average and break past $2.56 to reset the trend and confirm a recovery.
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