Crypto: XRP falls despite historic breakthrough with the SEC!

XRP is falling just as its status reaches a decisive milestone. Now classified as a commodity, the asset could have attracted renewed interest. This is not the case. The market remains under pressure, between technical weakness and macroeconomic tensions. This gap between regulatory progress and price reaction reveals a market that is still hesitant.

XRP under pressure: fragile technical signals and persistent selling pressure

XRP is currently trading in a low zone after a turbulent week marked by a rejection from higher levels, as Ripple prepares a fourth massive token release. Listed at $1.39993 on March 22, the token posted a decline of 2.95% over 24 hours, after briefly climbing towards $1.60 before correcting.

The market remains under pressure, with the price close to the session low located around $1.385. Short-term analysis reveals a loss of momentum, with a weakened market structure. Thus, XRP “remains positioned near the lower Bollinger band”reflecting persistent bearish pressure as it moves below its key moving averages, limiting rebound attempts.

Several technical indicators confirm this fragile dynamic:

• The RSI is around 35.90, close to the oversold zone, signaling weakening momentum;
• The MACD remains negative, with values ​​below the signal line, confirming a bearish trend;
• The price moves below the 14 and 21 week moving averages, which act as resistance;
• The Bollinger bands show a price close to their lower limit, around $1.37982;
• The 1.39 – 1.40 dollar zone constitutes a key support to avoid an extension of the decline.

In this context, the market remains in a hesitant phase. Maintaining above this support could allow a return towards $1.50, while a break would expose XRP to a decline towards $1.30.

Between regulatory progress and institutional inertia: a waiting market

However, XRP is going through a structuring phase on the regulatory level. On March 17, the SEC and the CFTC approved its classification as a commodity, a change that puts an end to a long period of legal uncertainty.

This development now places the asset in a category comparable to commodities like gold or oil, theoretically opening access to broader adoption by financial institutions.

Despite this strong signal, the market remains cautious. Institutional investors have not yet initiated massive flows, hampered by a global environment marked by renewed risk aversion. The escalation of geopolitical tensions, particularly around the Strait of Hormuz, triggered a movement towards assets deemed safer, limiting the immediate impact of this regulatory recognition.

This caution is also reflected in the gap between adoption and valuation. The leader of Evernorth, Asheesh Birla, sums up this situation by explaining that “XRP is not yet used as a large-scale liquidity bridge”emphasizing that institutional use remains insufficient to sustainably support demand.

He specifies that “the version of XRP that we believe can generate demand for sustainable use is the one where banks and companies use it as operating capital”. Despite positive signals, such as the $1.3 billion in net inflows recorded by XRP ETFs in just 50 days or the 388 million XRP held by Evernorth, institutional adoption is progressing at a still limited pace. Birla himself admits: “We are seeing signs of growth in institutional usage. But, not as quickly as that of individual users ».

XRP is evolving in a waiting phase, between regulatory progress and investor caution. As long as institutional adoption remains limited and the macroeconomic context weighs on the markets, the price of XRP struggles to reflect its fundamentals. What happens next will depend on the market's ability to transform this legal framework into concrete use.