XRP Price Declines Amid Institutional Upgrades and Whale Activity
- Standard Chartered reduced its end-2026 XRP price target by 65% from $8.00 to $2.80.
- Whale transfers to Binance increased to approximately 82.1 million XRP, valued at about $120.7 million over the past month.
- XRP spot ETF products saw net outflows exceeding $46 million in the last four weeks after a previous inflow streak of over $1 billion.
- Funding rates for XRP turned negative, indicating a crowded bearish position among traders.
- Recent upgrades like Permissioned Domains and Token Escrow aim to enhance institutional adoption but may not drive immediate demand for XRP.
Despite recent upgrades on the XRP Ledger, market dynamics are currently unfavorable for XRP holders as whale activity and ETF outflows contribute to price pressure.
With XRP trading around $1.47 amid significant supply signals, the market is responding more to liquidity than technological advancements.Source
