XRP faces volatility near $1 support amid institutional expansion

XRP is currently facing significant market volatility, struggling to maintain the psychological $1.00 support level. While the token has seen a sharp decline of approximately 70% to 73% from its 2025 cycle peak, on-chain activity remains notable, with whale transactions exceeding $1 million surging by 280% in a 24-hour period. Technical analysts note that while the RSI has hit a 13-year low, indicating an oversold condition, the broader trend remains bearish with heavy selling pressure in derivatives markets.

On the institutional front, Ripple continues to expand its ecosystem. Jeonbuk Bank in South Korea has adopted Ripple Payments for cross-border transfers, aiming to replace traditional SWIFT messaging with near-instant settlement. Additionally, Ripple Prime has successfully closed an upsized $275 million offering of senior unsecured notes to fund its U.S. expansion.

Amidst price fluctuations, Ripple leadership has shared insights into long-term strategies. Former CTO David Schwartz noted a significant reduction in his personal XRP holdings from 26 million to 2 million tokens, citing risk management. Meanwhile, Ripple CEO Brad Garlinghouse has highlighted the potential for the digital asset custody market to reach $10 trillion by 2030, a sector Ripple is actively targeting through its infrastructure and tokenization capabilities.