XRP is currently consolidating near a crucial support level, as recent institutional tailwinds suggest an imminent market reversal. Trading at approximately $2.17 after declining 1.2% over the past 24 hours and a 6% drop over the past week, XRP has traded within a narrow range ($2.11-$2.35) indicating uncertainty in its future direction. The decline in trading volume further suggests a slowdown in market activity. 24-hour trading volume dropped to $1.51 billion – down 37% from the previous day. This is reflected in the decrease in XRP futures activity, falling by 37.85% to $2.97 billion and open interest decreasing by 3.39% to $3.90 billion. However, institutional interest is accelerating quietly. Coinbase Institutional recently announced it will launch 24/7 trading access to XRP and Solana (SOL) futures for U.S. investors starting June 13th. This move aligns with the company’s strategy to offer real-time market access for its U.S. traders. 200 EMA remains supportive, but technical indicators are flashing a bearish bias as the RSI approaches oversold territory. Support lies at $2.12 while resistance is near $2.34. A breakout above this level could see XRP test the 20-day SMA around $2.34 and the upper Bollinger Band at $2.56, with strong bullish trends needing to be established.