Ripple's $XRP Token Continues Downward Trend Despite Catalysts

Ripple's $XRP token has been experiencing a prolonged bear market, with its price dropping to a low of $1.1137 in February.

This decline comes despite several positive developments, including higher ETF inflows and the launch of the permissioned DEX feature.

According to data from DeFi Llama, the total RWA on-chain capital market capitalization has soared to over $20.8 billion, indicating a significant shift towards digital assets.

Ripple's CEO Brad Garlinghouse attributes this trend to institutional-scale capital and a structural shift in global finance.