Ripple’s XRP Price: Potential Direction & Factors to Watch This Week

Ripple’s XRP price finds itself in a dynamic period as various factors influence its trajectory. New spot ETFs are quietly reducing supply from exchanges, and institutional investors are buying tokens directly. Notable whale activity has seen over 170 million XRP leave exchanges recently, with a significant portion ending up outside of traditional market places. Additionally, Abu Dhabi’s approval of RLUSD for institutional use bolsters Ripple’s presence in the global payments space. Despite trading within a tight range, XRP is poised for significant movement as these underlying dynamics build.

Analyzing the Chart