XRP's Price Continues to Plummet Despite Institutional Support

The cryptocurrency market continues to struggle with negative performance this week, with Bitcoin, Ethereum, and XRP extending their losses.

Despite institutional investors showing interest in XRP through investment products, the price of XRP remains under heavy selling pressure. The 4-hour chart shows that XRP is trading below key long-term trend indicators, maintaining a bearish structure.

The technical indicators also suggest an oversold condition, with the Relative Strength Index at 30 and the MACD histogram remaining negative.