XRP Price Stabilizes Amid Institutional Interest

XRP's price has been relatively stable at $1.4264, with a 0.46% decline in the latest session. This comes as institutional investors have accumulated $360 million in XRP, indicating increased interest in the cryptocurrency.

The current price is above both the MA-20 and MA-50 moving averages, but remains below the long-term MA-200 level. Ripple's RLUSD stablecoin has surpassed a $1.44 billion market cap, fully backed by US Treasury bonds and cash equivalents.

Technical analysis suggests that XRP is expected to remain within a range of $1.38-$1.48 over the next week, with a low probability of an upward move. A break above resistance at $1.44-$1.48 could spark bullish momentum, while a drop below support at $1.39 may trigger further downside.