Bearish Signals Loom for XRP, But Institutions are Betting Big — Will Price Follow?

While bearish sentiment intensifies regarding XRP, a surge in institutional interest is signaling a potential shift in the market’s direction. The cryptocurrency’s price remains volatile between $2.77 and $2.92, with momentum indicators weakening. 1-hour charts suggest a downtrend as XRP struggles to break out above resistance at $2.90. Despite this, CME XRP futures have recently hit an open interest of over $1 billion, indicating growing confidence from institutional investors.