XRP News Today: XRP Drops 3% Amid Institutional Adoption and Technical Signals

XRP, the cryptocurrency associated with Ripple, has experienced a 3% decline over the past 24 hours, currently trading at $2.18. Despite this drop, there are indications of potential volatility ahead. Over the last two weeks, XRP has been trading within a narrow range of $2.14 to $2.25, with daily transactions on the XRP Ledger consistently exceeding two million, suggesting steady network activity despite the price stagnation.

Market technician and long-time XRP bull EGRAG Crypto has identified a critical "go-go signal" at $2.65, which he believes must be surpassed for a bullish breakout. This signal comes as institutional adoption of XRP accelerates, positioning the token for a potential shift from sideways movement to an extended rally.

Since reclaiming the $3.00 mark in January 2025, XRP has been in a prolonged correction phase. On January 14, 2025, XRP reached its highest level in seven years at $3.40 before falling below $3.00. The subsequent price action formed a "mega falling wedge" on the 4-hour chart, characterized by lower highs and lower lows over four months.

EGRAG’s analysis highlights five critical price levels. The first is $2.30, a level XRP has not cleared since May 29, 2025. The next levels are $2.35 and $2.36, with the latter signaling a potential wedge breakout. The fourth level is $2.45, representing a two-week high, and finally, $2.65, which EGRAG designates as the "go-go signal." Breaching this mark would confirm an end to the wedge pattern and trigger a strong upside move.

Since mid-January, XRP has tested the wedge boundaries multiple times. A rally to $3.02 on March 17, 2025, stalled at the upper trend line, prompting a retest that returned the price to $2.75. Another attempt in early May saw XRP climb to $2.65 but fail to hold, dropping back into the wedge. These failed breaks underscore the importance of $2.65 as both a recent rejection point and EGRAG’s final trigger for a bullish phase.

Institutional adoption of XRP is strengthening through various channels. On May 25, 2025, Brazil’s B3 exchange launched XRPH11, the world’s first Ripple-based ETF, allocating 95 percent of its assets to XRP. Additionally, the U.S. Securities and Exchange Commission approved the first XRP futures ETF on April 30, 2025, marking a regulatory milestone. On-chain flows corroborate growing demand, with over $200 million worth of XRP moving into institutional-grade addresses in late May 2025.

Corporate adoption is also on the rise. Renewable energy provider VivoPower announced on May 15, 2025, that it raised $121 million to establish an XRP-focused treasury reserve, becoming the first publicly traded firm to do so. Similarly, Webus International filed for a $300 million fundraising effort earmarked to create a strategic XRP reserve. These moves underscore institutional conviction in XRP as a trading asset and treasury instrument.

While EGRAG’s wedge analysis provides a clear technical roadmap, market participants must weigh these levels against evolving macro and institutional drivers. XRP’s daily simple moving average (SMA) on both the 50-day and 200-day timeframes currently sits at $2.25 and $2.30, respectively. Failure to reclaim these SMAs has maintained bearish momentum. However, rising ETF holdings and futures volume signal that institutions are eyeing XRP’s next move.

Longer-term, EGRAG remains bullish beyond the $2.65 trigger. In prior analyses, he projected a $27 target for XRP, relying on a broader bull cycle in digital assets that began in late 2024. However, short-term focus must center on the falling wedge. If the price holds above $2.36 after breaking the wedge, the next logical step is $2.45. Sustaining above $2.45 would set the stage for the "go-go signal" at $2.65.

At current levels, with XRP trading at $2.12 on June 5, 2025, liquidity remains thin at the $2.20–$2.30 band. Market depth is shallow, with aggregated bid orders totaling 1.2 million XRP at $2.20, versus 800,000 XRP at $2.30. This asymmetry suggests that even modest buying pressure could nudge the price toward the initial hurdle at $2.30.

EGRAG’s call for a $2.65 breakout comes at a pivotal moment. Institutional networks, from ETFs to corporate reserves, are locked in XRP exposure. Simultaneously, on-chain activity remains robust with over two million daily transactions. Against this backdrop, technical clarity from the mega falling wedge pattern could catalyze a decisive move.