XRP is trading near $1.38 following a recent correction. Analysts note a key technical resistance at $1.65, with support established between $1.20 and $1.30. Sentiment has been bolstered by Ripple’s announced partnership with Aviva Investors to tokenize funds on the XRP Ledger, providing a narrative catalyst for the asset.
The XRP Ledger’s native token is trading at $1.38, marking a 1.52% decline over the past 24 hours. The coin is intended for rapid and inexpensive cross-border payments and other institutional finance use cases.
XRP is trading below key moving averages, with a break below $1.65 turning that level into resistance. Indicators from the MACD remain negative, though shrinking histogram bars suggest a slowdown in selling momentum.
A recent announcement that Ripple is partnering with Aviva Investors to tokenize funds on the XRP Ledger has reignited optimism within the network. Narrative-based institutional adoption often serves as a medium-term catalyst for price movement.
If bulls can defend the $1.30 support level with increased volume, a rise back toward $1.65 becomes a realistic possibility. That move could potentially extend to $1.85 if bullish momentum continues.
Conversely, if sellers push XRP below support, it could retrace to the $1.20 zone before any recovery. The coming weeks are expected to determine the short-term direction for the asset.
