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XRP has faced significant downward pressure in recent weeks, erasing much of its late 2024 rally. Despite an 18.3% monthly decline, analysts spot resilience in its price stability amid falling on-chain activity. Institutional developments, including Asia’s first XRP-focused fund, could shape its future trajectory.
- XRP's on-chain activity has plunged 80% since December, yet its price has shown relative stability with only a 35% drop from peak levels.
- HashKey Capital's XRP Tracker Fund, Asia's first XRP-focused investment vehicle, aims to attract institutional capital and may transition into an ETF.
- Declining exchange reserves—now at July 2023 levels—hint at reduced sell pressure, a potential bullish signal for XRP's long-term valuation.
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