XRP couldn't hold above $1.45 resistance this week, sliding back into a familiar range as Ripple pushes forward with institutional tokenization on the XRP Ledger — this time enlisting JPMorgan, Mastercard, and Ondo Finance. The pullback leaves the token trapped inside a corrective ABC pattern, with traders eyeing a potential deeper drop if momentum doesn't improve.
The $1.45 rejection
XRP made a run at $1.45 resistance earlier in the week but couldn't seal the deal. The failure has put focus back on the $1.40–$1.41 support zone, a level that's held for now. Thinner-than-usual liquidity is a risk, making sharp swings more likely on either side. The broader local range sits between $1.22 and $1.55, and that's where the action remains.
Ripple's tokenization push
While price action stalls, Ripple is making moves off-chain. The company is expanding institutional tokenization on XRPL with JPMorgan, Mastercard, and Ondo Finance involved. It's a signal that the platform's real-world asset push is gaining traction, even if the token itself isn't rallying with Bitcoin.
What the charts say
XRP continues to lag behind Bitcoin's recovery. Bitcoin has put together stronger B-wave rallies, but XRP is stuck in sideways drift. Momentum remains a key issue — there's no convincing evidence of an impulsive advance to new all-time highs. A C-wave decline toward $0.98–$0.48 is still on the table if the pattern plays out. That said, a temporary rally toward the $1.78–$2.87 zone is also possible within a larger corrective B-wave scenario. For now, the token sits in no man's land, waiting for a catalyst that breaks the range.
Whether XRP can attract enough buying pressure to push toward $1.78 or slides toward $0.98 depends on how the broader market digests Bitcoin's next move. With liquidity thin and momentum weak, the next few days could decide the direction.
