Ripple Launches U.S. Prime Brokerage Amid XRP Price Sell Pressure

• Ripple’s Ripple Prime launch marks a key step in institutional crypto adoption in the U.S.

• XRP price has declined 4.46% in the last 24 hours, trading at $2.41 with high volatility.

• Technical indicators show a strong sell signal, with RSI at 45.73 and potential bearish LMACD crossover, per TradingView data.

Discover how Ripple’s latest announcement impacts XRP price amid sell pressure. Explore institutional growth, technical analysis, and market outlook in this XRP news update. Stay informed on crypto trends today.

What is Ripple’s Major Announcement for XRP and Institutional Clients?

Ripple’s major announcement involves the launch of digital asset spot prime brokerage capabilities through Ripple Prime, targeting U.S.-based institutional clients. This platform allows seamless OTC spot transactions across major digital assets and stablecoins, including XRP and RLUSD, following Ripple’s acquisition of Hidden Road. By integrating licensing frameworks with Ripple’s infrastructure, it provides access to FX, digital assets, derivatives, swaps, and fixed income markets, enhancing institutional trading efficiency.

How Does Ripple Prime Support XRP Trading and Broader Markets?

Ripple Prime complements existing derivatives services, offering a comprehensive suite for institutional strategies, as stated by Michael Higgins, International CEO of Ripple Prime. The platform enables cross-margining between OTC spot trades, swaps, and CME derivatives, which could improve liquidity for XRP. According to Ripple’s official statement, this initiative breaks new ground in the U.S. by facilitating secure, high-volume transactions in prominent digital assets. Market data from CoinMarketCap indicates XRP’s trading volume surged to over $4.1 billion in the past 24 hours, reflecting increased interest despite price volatility. Experts note that such infrastructure may attract more institutional capital, potentially stabilizing XRP’s role in cross-border payments over time.

Frequently Asked Questions

What caused the recent drop in XRP price despite Ripple’s announcement?

The XRP price drop to $2.41, down 4.46% in 24 hours, stems from broader market weakness and technical sell signals, including a neutral RSI of 45.73 and MACD below the signal line. While Ripple’s expansion is positive, traders are cautious amid high volatility and a weekly decline of 7.82%, per CoinMarketCap data.

Is XRP’s long-term outlook bullish after Ripple’s institutional push?

Yes, analysts like EGRAG CRYPTO maintain a bullish stance on XRP’s structure, citing accumulation in the “Blue Box” support zone within the “Bifrost Bridge” channel. This setup mirrors past cycles and suggests potential rallies if support holds above $2.30, though short-term bearish crossovers pose risks.

Key Takeaways

• Ripple Prime Launch: Enables U.S. institutions to trade XRP and RLUSD via OTC spots, boosting adoption.
• Price Pressure: XRP at $2.41 with strong sell signals from TradingView, including 16 sell indicators.
• Analyst Divide: Bearish LMACD warnings from Tony Severino contrast EGRAG’s bullish structure view; watch $2.30 support.

Conclusion

Ripple’s launch of Ripple Prime represents a significant advancement in XRP news and institutional crypto integration, offering enhanced trading capabilities for digital assets like XRP amid expanding U.S. market access. While short-term XRP price sell pressure persists due to technical bearishness and market caution, long-term structural indicators point to resilience. As institutional adoption grows, investors should monitor key support levels and upcoming confirmations for clearer directional cues, positioning themselves for potential ecosystem-driven recoveries.

Ripple has officially introduced its Ripple Prime platform, providing U.S. institutional clients with advanced digital asset spot prime brokerage services. This development allows for over-the-counter (OTC) spot transactions in key cryptocurrencies and stablecoins, prominently featuring XRP and Ripple’s own RLUSD stablecoin. The initiative follows Ripple’s strategic acquisition of the multi-asset prime brokerage firm Hidden Road, which brings established licensing and operational expertise to Ripple’s robust blockchain infrastructure.

Michael Higgins, serving as the International CEO of Ripple Prime, highlighted the platform’s role in enhancing institutional trading. “These new capabilities build on our derivatives offerings to deliver a full-spectrum solution for sophisticated strategies,” Higgins explained. This integration not only streamlines access to foreign exchange (FX), derivatives, swaps, and fixed-income products but also positions Ripple as a pivotal player in bridging traditional finance with digital assets.

Despite this positive corporate milestone, XRP’s market performance tells a contrasting story. As of the latest data from CoinMarketCap, XRP is trading at approximately $2.41, reflecting a sharp 4.46% decline over the past 24 hours. This downturn extends to a 7.82% drop over the preceding week, pushing the token’s market capitalization to around $145 billion. Although a slight 0.34% rebound occurred in the hourly timeframe, the overall momentum remains subdued, with trading volume exceeding $4.1 billion signaling heightened volatility.

Technical analysis further underscores the challenges facing XRP. On daily charts, the token has failed to hold above the critical $2.50 resistance level, now testing support in the $2.30 to $2.40 range. The Relative Strength Index (RSI) stands at 45.73, indicative of neutral to bearish sentiment without strong buying pressure. Similarly, the Moving Average Convergence Divergence (MACD) indicator shows the line lingering below the signal line, lacking bullish divergence. TradingView’s aggregated technical summary delivers a stark “Strong Sell” rating, driven by 16 sell signals across oscillators and moving averages, contrasted by just one buy indication.

Market observers are split on XRP’s trajectory, balancing short-term risks against long-term potential. Technical analyst Tony “The Bull” Severino issued a cautionary note regarding XRP’s monthly Linear MACD (LMACD), which has exhibited a bearish crossover for only the third time in its history. Severino pointed out that prior instances in 2018 and 2021 preceded substantial drawdowns of 87% and 71%, respectively. “The signal remains unconfirmed, but bulls need to drive prices significantly higher this month to avert validation,” he advised in his analysis shared on social media.

On the optimistic side, chartist EGRAG CRYPTO defends XRP’s foundational structure as inherently bullish. In his detailed breakdown titled “The Technical Truth: Structure Never Lies,” EGRAG describes XRP’s current position as an accumulation phase above major historical body candles, encapsulated in the “Blue Box” within the broader “Bifrost Bridge” channel. Drawing parallels to earlier market cycles, he argues that the present consolidation operates on a more mature scale. “Bears attempting shorts here are challenging the core structure; the configuration demands a bullish response,” EGRAG asserted. He further warned that any breach below the Blue Box would signal deeper systemic issues, not isolated to XRP.

Zooming out, XRP’s price action appears mired in sideways consolidation, even as Ripple advances its institutional footprint. The RSI’s proximity to 45 reflects balanced but uncommitted market forces, while flat MACD histograms suggest ongoing equilibrium. Traders are eyeing a potential breakout above $2.60 for bullish confirmation or a firm rebound from the $2.30-$2.40 zone to mitigate downside risks. This uncertainty coincides with Ripple’s broader ambitions to facilitate seamless crypto adoption in regulated environments.

The Ripple Prime platform’s features, including cross-margining across asset classes, underscore Ripple’s commitment to institutional-grade solutions. By combining Hidden Road’s expertise with Ripple’s payment network prowess, the service could enhance XRP’s utility in real-world applications, such as faster settlements and reduced costs in global transfers. Industry experts, including those from Bloomberg and Reuters reports cited in plain text, view this as a catalyst for increased liquidity and confidence in XRP-backed products.

However, the immediate market reaction has been tempered by macroeconomic factors and crypto-wide sentiment. The Federal Reserve’s recent policy signals and ongoing liquidations totaling $1.13 billion across the sector have amplified sell pressure on altcoins like XRP. Despite this, Ripple’s progress aligns with a tightening cycle potentially winding down, which could pave the way for renewed risk appetite.

Looking ahead, the interplay between Ripple’s corporate achievements and XRP’s technical hurdles will shape investor strategies. The unconfirmed bearish LMACD looms as a short-term threat, yet EGRAG’s emphasis on structural integrity offers hope for sustained uptrends. With $145 billion in market cap and robust volume, XRP remains a focal point for those tracking institutional crypto evolution.

In summary, Ripple’s announcement heralds a new era for XRP in institutional finance, but navigating current sell pressure requires vigilance. As the platform rolls out, monitoring price defenses around key supports will be essential, potentially unlocking value as adoption accelerates.