Market context
The setup is uncomfortable because nothing about it is clean. XRP is down 12% over the past fortnight and roughly 18% on the month, per CoinMarketCap, after losing the $1. 25-$1.
30 support band that had held since March. The recovery from a $1. 055 spike low back above $1.
14 was sharp enough - an 8% bounce in a session - to argue that forced exits, not patient sellers, drove the worst of it. But the structure that remains is fragile. XRP trades below its 50-, 100-, and 200-period moving averages on the 3-day, with the 50-period sitting near $1.
40 as dynamic resistance. Every rally attempt since the $3. 50 peak has been rejected beneath the prior swing high.
That is a textbook sequence of lower highs, and it has not been broken. The narrative side is doing the opposite. Ripple has been pushing its Treasury platform with claims of 13,000 bank connections and $12.
5 trillion in payments visibility, and the XRP Ledger is now carrying roughly $3. 6 billion in tokenized real-world assets excluding stablecoins. SBI Holdings submitted an LOI to acquire Bitbank, which would deepen XRP's Asian exchange footprint.
None of that has shown up in spot price yet.