The XRP price remains largely stagnant as bearish momentum continues to dominate the market, dampening hopes for an immediate upward breakout. Trading around $2.11 at the time of writing, XRP struggles to reclaim key resistance levels, including the critical 12-hour moving averages and the extended downward trendline from January. With institutional interest growing and structural shifts within Ripple’s reporting strategy, the landscape for XRP is evolving—both technically and fundamentally.
Ripple Discontinues Quarterly Reports After Eight Years
Ripple has announced it will cease publishing its quarterly reports starting in Q2, marking the end of an eight-year transparency initiative that began in 2017. While these reports were originally designed to provide clarity on XRP holdings and ecosystem developments, the company stated they no longer serve their intended purpose.
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According to Ripple, the reports have been weaponized against the company—particularly by former SEC leadership—despite efforts to foster open communication. Nevertheless, Ripple reaffirms its commitment to transparency through official channels, ensuring stakeholders remain informed about XRP-related updates, corporate developments, and strategic initiatives.
The final quarterly report highlighted a surge in institutional demand for XRP-based products. Notably, Franklin Templeton filed an S-1 form with the SEC seeking approval for a spot XRP ETF—a move that could significantly expand retail and institutional access to the asset. Additionally, CME Group’s launch of XRP futures underscores increasing acceptance among traditional financial players.
In a major strategic development, Ripple acquired Hidden Road, a leading institutional brokerage firm, for $1.25 billion. This acquisition is expected to accelerate the adoption of Ripple’s payment solutions and its RLUSD stablecoin across global markets, enhancing liquidity and use cases on the XRP Ledger (XRPL).
“XRP exchange-traded products continue gaining traction globally, with increased listings and inflows,” Ripple noted in its Q1 report. “XRP-based investment products outperformed Bitcoin and Ethereum counterparts, recording $37.7 million in inflows, bringing year-to-date totals to $214 million—just $1 million shy of global Ethereum funds.”
Technical Outlook: Bearish Momentum Builds Below Key Averages
From a technical perspective, XRP remains under pressure. The price trades below the 50, 100, and 200-period exponential moving averages (EMAs) on the 12-hour chart, signaling persistent bearish sentiment. Attempts to break above the descending trendline have repeatedly failed, resulting in liquidations of long positions.
Data from CoinGlass reveals that over the past 24 hours, approximately $8 million in liquidations occurred—$6.93 million of which were long positions. This indicates that leveraged bulls are being aggressively targeted, reflecting strong selling pressure and weak market structure.
The flat open interest (OI) at $3.62 billion suggests a lack of fresh buying interest capable of absorbing this sell-side volume. Without new capital entering the market, further downside remains likely.
The Relative Strength Index (RSI) has dropped sharply from a recent high of 65.43 to its current level of 39.56—approaching oversold territory. A drop below 30 could trigger panic selling, especially if support at $2.00 fails.
A break below $2.00 would open the door to retesting April’s low of $1.62, potentially triggering a broader market correction. However, if buyers step in and defend the $2.00 level, it could serve as a springboard for a reversal toward $3.00.
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For a sustained bullish recovery, XRP must first reclaim:
- $2.17 (50 EMA)
- $2.19 (100 EMA)
- $2.21 (200 EMA)
- And break above the prevailing downtrend line
Clearing these hurdles would signal diminishing bearish control and could reignite momentum toward the $3.00 target.
Frequently Asked Questions (FAQs)
Q: Why did Ripple stop publishing quarterly reports?
A: Ripple discontinued the reports because they were being used against the company despite their original intent of promoting transparency. The firm will continue sharing updates through official channels.
Q: Is institutional interest in XRP growing?
A: Yes. Recent developments—including Franklin Templeton’s ETF filing, CME’s XRP futures launch, and the Hidden Road acquisition—demonstrate rising institutional confidence in XRP and Ripple’s ecosystem.
Q: What happens if XRP drops below $2.00?
A: A breakdown below $2.00 could accelerate losses toward $1.62—the April low—and increase downward pressure across the broader altcoin market.
Q: Can XRP still reach $3.00?
A: Yes, but only if it holds $2.00 as support and regains momentum above key moving averages and trendline resistance.
Q: How do macroeconomic factors affect XRP?
A: Like other risk assets, XRP is influenced by macro forces such as Fed interest rate decisions and USD strength. Lower rates and dollar weakness typically benefit cryptocurrencies by increasing leverage and risk appetite.
Q: Are ETF filings good news for XRP?
A: Absolutely. Spot ETF approvals can bring regulated exposure, boost liquidity, attract institutional capital, and enhance price discovery—similar to what occurred with Bitcoin post-ETF launch.
Final Thoughts: Navigating Volatility With Strategic Clarity
While short-term price action paints a cautious picture for XRP, fundamental developments suggest long-term strength. The shift away from quarterly reports doesn’t signal opacity—it reflects a maturation of Ripple’s communication strategy amid an evolving regulatory environment.
With growing adoption of XRPL-based solutions, expanding use cases for RLUSD, and increased scrutiny turning into validation via ETF filings and futures markets, XRP remains positioned at the intersection of innovation and institutional integration.
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Traders should monitor the $2.00 support zone closely. A successful defense could set the stage for a powerful rebound toward $3.00. Conversely, failure to hold may lead to deeper corrections—making risk management essential.
As always in crypto, timing, sentiment, and structural confirmation matter more than speculation alone.
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