XRP extended its losing streak through February, even as several positive developments surrounded the Ripple ecosystem. While new institutional activity, ETF inflows, and network upgrades painted a bullish long-term picture, the token’s price continued to struggle alongside the broader crypto market downturn.
The XRP token fell to a monthly low of $1.1137 — its weakest level since November 2024 — leaving it roughly 70% below its all-time high. The decline came as the wider crypto market faced sustained selling pressure, pushing many digital assets into bearish territory.
Strong fundamentals fail to lift price
Interestingly, XRP stood out in one key area during February: investment inflows. Spot XRP exchange-traded funds attracted nearly $60 million in fresh capital during the month. In contrast, funds tied to Bitcoin and Ethereum experienced significant outflows, losing more than $206 million and $369 million respectively.
Network activity on the XRP Ledger (XRPL) also showed notable growth. The value of real-world assets (RWAs) tokenized on the network climbed 10%, reaching approximately $2 billion. That figure surpassed Solana’s $1.8 billion, highlighting rising adoption of XRPL for tokenized finance applications.
Ripple CEO Brad Garlinghouse remains highly optimistic about the network’s long-term trajectory. He recently predicted that more than $10 trillion worth of assets could eventually flow through the XRP Ledger. According to Garlinghouse, global finance is undergoing a structural shift as institutions increasingly move assets on-chain.
Data from DeFi Llama supports the broader trend, showing that the total market capitalization of tokenized real-world assets has surged past $20.8 billion. Major traditional finance players — including BlackRock, WisdomTree, Franklin Templeton, and Fidelity — are already exploring or launching tokenized investment products.
Institutional push gains momentum
Part of XRPL’s institutional appeal comes from recent infrastructure upgrades. Developers introduced a Permissioned DEX feature designed to allow regulated institutions to participate in decentralized finance while maintaining compliance and security standards.
At the same time, Ripple Labs secured a banking charter from the Office of the Comptroller of the Currency, strengthening its ambition to become a full-service financial platform serving enterprise clients and financial institutions.
Despite these developments, market sentiment has remained cautious, preventing XRP from benefiting immediately from its improving fundamentals.
Technical signals suggest caution
From a technical standpoint, XRP continues to show signs of weakness. The token remains in a technical bear market after posting double-digit losses over recent months.
Analysts are watching a potential “mini death cross,” a bearish signal that occurs when the 50-week and 100-week exponential moving averages intersect. Historically, this pattern often signals continued downside momentum.
Momentum indicators also reflect selling pressure. The Relative Strength Index (RSI) is hovering just above the oversold threshold of 30, while the Percentage Price Oscillator has dropped to its lowest level in years. XRP previously formed a large double-top pattern near $3.38, with a neckline around $1.6143 — another bearish technical structure.
As a result, analysts suggest XRP could test the $1.1137 support level again in the near term. A break below that point may open the door for further declines toward the $1 mark before any meaningful rebound takes shape.
For now, XRP’s story highlights a growing disconnect between strengthening fundamentals and short-term price performance — leaving investors watching closely to see whether long-term adoption can eventually reverse the current trend.
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