XRP Hits New Milestone as Institutional Interest Grows

XRP is facing a mixed landscape as the token hovers near $1.35. While the price has dipped about 6 percent over the last week, institutional interest continues to climb. Bitwise recently reported that its spot XRP ETF crossed $500 million in assets under management. This milestone comes as total cumulative net inflows for US spot XRP ETFs reached a record $1.66 billion, showing that professional investors remain interested in regulated exposure to the asset.

Ripple is also moving to strengthen its grip on the institutional market through a new partnership with SettleMint. The collaboration integrates Ripple Custody with SettleMint’s platform to help banks and sovereign entities manage tokenized assets. The service is already live in Asia and aims to capture a share of the growing tokenization market. Additionally, the treasury firm Evernorth is nearing a Nasdaq listing under the ticker XRPN following an SEC approval of its registration statement.

Market analysts are keeping a close eye on the price charts as XRP attempts to find its footing. Traders are currently watching the $1.40 to $1.50 range as a critical resistance zone. While some analysts believe a breakout could push the price back toward $1.70, others warn that failure to hold current support levels could lead to further declines below $1.30. Investors are waiting to see if institutional momentum can provide the fuel needed to push the price past these technical hurdles.