XRP Holds Near $1.09 as Bearish Signals Persist Despite Ripple’s EU Expansion

XRP (XRP) extended its slide on Friday, hovering near $1.09 as technical indicators continued to signal persistent downside pressure even as Ripple pushed ahead with new institutional infrastructure and regulatory milestones in Europe.

As of July 25, XRP was trading at $1.0928, down about 1.13% over the past 24 hours, according to CoinMarketCap data. While the token remained slightly higher on a seven-day basis (+0.33%), broader timeframes still reflected a clear downtrend, with XRP down 18.59% over 60 days and 23.21% over 90 days. XRP’s market capitalization stood around $68.3 billion, with roughly $1.02 billion in 24-hour trading volume, keeping its market share near 3.12% and ranking it sixth among crypto assets by market cap.

From a technical perspective, XRP’s recovery attempts have remained capped. Analysts tracking trend signals noted that XRP is trading below its 50-day, 100-day, and 200-day moving averages, a configuration typically associated with constrained upside momentum. FXLeaders pointed to XRP sitting below both the 50-day and 200-day exponential moving averages (EMAs), while the relative strength index (RSI) near 37 suggests weakening demand and a market tilted toward bearish conditions rather than neutral.

Traders are closely watching the $1.14–$1.16 zone as an overhead barrier. The 50-day EMA around $1.14–$1.15 is viewed as the first major resistance band, while $1.16 marks a recent rejection level tied to last week’s local high. On the downside, the $1.07–$1.10 range has emerged as the key support area. Market commentators warned that a breakdown below $1.07—often flagged by parabolic SAR signals—could open the door to a sharper leg lower.

CoinGape framed the near-term setup as a likely consolidation between $1.10 and $1.15 unless a strong macroeconomic or regulatory catalyst materializes. The outlet added that failure to defend support around $1.07–$1.09 could amplify selling pressure, particularly if regulatory uncertainty in the U.S. intensifies.

Despite the muted price action, Ripple has continued to expand its product stack aimed at institutions. The company recently launched 'Ripple Mint', a platform designed to let institutional users issue, redeem, and manage Ripple’s stablecoin RLUSD through a single interface. Ripple is positioning the product toward banks and large financial institutions, emphasizing cross-border payments and tokenized asset administration as core use cases.

RLUSD’s circulating supply has climbed to roughly $1.51 billion, a figure analysts see as evidence of accelerating 'institutional demand' for regulated stablecoin rails tied to Ripple’s ecosystem. While stablecoin supply growth does not directly translate into XRP price appreciation, it can bolster the utility narrative around Ripple’s payment and settlement tooling, particularly as the market looks for real-world adoption beyond speculative cycles.

Ripple’s regulatory posture in Europe also strengthened after the firm secured a full Crypto-Asset Service Provider (CASP) license under the European Union’s MiCA framework via Luxembourg’s financial regulator. The approval allows Ripple to provide regulated crypto-asset services across the European Economic Area, a step that could support broader distribution of RLUSD and expand XRPL-based offerings within a clearer compliance perimeter.

On the network side, XRP Ledger’s XRPL 3.2.0 upgrade has been deployed, with about 89% of validators on the default Unique Node List (UNL) adopting the release—surpassing typical activation thresholds. The update includes changes aimed at lowering node operating costs, improving network stability, strengthening 'Vault' functionality, upgrading lending features, and adding further security measures. Industry observers highlighted the reduced storage requirements for nodes as a meaningful improvement for scaling institutional payment traffic and potential tokenized securities processing on XRPL.

Macro and regulatory variables remain key swing factors. Commentators cited ongoing uncertainty around the proposed U.S. 'CLARITY' Act—legislation intended to delineate oversight boundaries between the SEC and the CFTC—as a potential driver of hesitation among institutions evaluating exposure to assets like XRP. Separately, analysts are watching the next Federal Reserve meeting for signals that could influence risk appetite across crypto markets, potentially shaping whether XRP’s current neutral-to-bearish technical posture deepens or begins to stabilize.

In ETF-related flows, XRP spot ETF inflows were reported at roughly $2.5 million on Monday and about $6 million on Tuesday—still modest compared with Bitcoin (BTC) and Ethereum (ETH) products. Cumulative inflows were estimated near $1.49 billion, with average net assets around $1.0 billion.

For now, XRP remains pinned below major resistance levels with downside risks concentrated around the $1.07 floor. Yet Ripple’s push into institutional tooling through 'Ripple Mint', expanding RLUSD circulation, MiCA licensing in Europe, and continued XRPL upgrades underline a fundamental narrative that is moving in a different direction than the chart. Market participants will be watching whether clearer regulation and supportive macro conditions can eventually ease the technical pressure that continues to weigh on XRP’s price.