XRP's Price Decline Triggers Bearish Technical Setup Amid Institutional Demand

XRP's price has been underperforming against Bitcoin, falling about 5% over the past week. This decline has triggered a breakdown signal in its weekly chart, which could indicate further downside for the cryptocurrency.

The technical setup suggests that XRP's price may reach as low as around 40% below current levels, but momentum metrics such as the RSI are currently at oversold levels. This has historically preceded macro bottoms for XRP/BTC ratio, suggesting a possible pause or reversal in the slide.

Institutional demand for XRP exposure is resurfacing, with US spot XRP ETFs seeing persistent inflows. Over the past nine days, these inflows have totaled around $73.78 million, with cumulative inflows nearing $1.28 billion and assets under management standing at roughly $1.1 billion.