The XRP price has experienced a significant decline, falling to its lowest point since February. This sharp drop comes amid Bitcoin’s record highs and surging demand for the digital currency. While Bitcoin enjoys strong growth fuelled by factors like institutional investment and increasing spot ETF inflows, XRP has lagged behind. 7 consecutive weeks of inflows into spot ETFs have contributed to Bitcoin’s surge, amassing $44.91 billion in total assets. Companies continue to buy Bitcoin as well, with hedge funds like Strategy holding over 580,250 BTC and GameStop recently acquiring 4,710 BTC. Meanwhile, Trump Media is raising $2.5 billion to invest in Bitcoin. Other notable companies buying Bitcoin include Semler Scientific and the Blockchain Group. The recent resolution of the SEC vs Ripple case has played a key role in XRP’s performance. This legal victory removed a major hurdle for Ripple Labs since 2020, enabling it to secure new partnerships with US businesses and bolster its efforts against Swift. According to CEO Brad Garinhouse, Ripple Labs made more deals following the ruling than in the previous six months. The acquisition of Hidden Road has further bolstered XRP’s position. This strategic move positions Ripple as a major player in the prime brokerage space, handling over $10 billion daily through their operations. Additionally, Ripple’s USD stablecoin is steadily gaining market share with its market cap reaching nearly $310 million. The company aims for the stablecoin to significantly impact the payments landscape. Technical analysis suggests that XRP price is approaching a significant turning point. The chart shows a rounded top forming, suggesting a bearish trend. Furthermore, a death cross formation is possible as the 50-day and 200-day exponential moving averages approach a crossover. This signal indicates further decline in price. Finally, XRP is also nearing a significant Fibonacci retracement level at 50%. This suggests potential for continued downward momentum, with sellers targeting the 61.8% retracement level at 0.00001745, representing an 18% drop from current prices.