Despite XRP’s price dropping over 10% in the past week and annual losses nearing 70%, institutional exposure to the cryptocurrency remains steady. Several major firms, including Morgan Stanley, have disclosed holdings in XRP-linked exchange-traded products. Data from derivatives markets, however, shows sellers are more aggressive than buyers, with the Taker Buy/Sell Ratio at its lowest since last May. Elevated futures open interest suggests the asset faces risk of a liquidation cascade, though analysts note historical patterns where similar price weakness led to accumulation.
Institutional exposure to XRP remains intact even as the asset has shed more than 10% over the past week. The downward pressure has pushed XRP’s yearly losses to almost 70%.
Morgan Stanley disclosed its XRP exposure in the second quarter of 2026. The Wall Street giant holds positions through three XRP-linked exchange-traded funds: Franklin, REX-Osprey, and Bitwise ETF, with its largest position of 6,715 shares in the Franklin fund.
The filing also shows a larger position in Armada Acquisition Corp II. Several other investment firms have maintained exposure through exchange-traded products.
Wolverine Asset Management held 199,912 shares of the Bitwise XRP ETF. Gallacher Capital Management held 86,744 shares of Canary’s XRP ETF, while Main Street Group held 5,261 shares of the same fund. Moisand Fitzgerald Tamayo held 964 shares of the Franklin XRP ETF, and National Bank of Canada revealed 3,848 shares of Bitwise’s XRP ETF.
The broader market picture appears less encouraging. The Taker Buy/Sell Ratio stands around 0.86, its lowest level since last May, with the ratio staying below 1 for most of the recent period.
Short-lived moves above 1 have occurred, but buyers have not yet established a clear change in momentum. Futures open interest remains elevated at 435.1 million units, above the 403.6 million 30-day average, with a +1.20σ Z-score meaning “leverage is still stacked.”
Analyst ChartNerd highlighted $1.24 as an important level to reclaim. If XRP fails to do so, the analyst identified the $0.90-$0.70 range as a possible area where accumulation could take place, also noting a retest of the 3-month 40 EMA could help form a stronger base.
