XRP Institutional Interest Surges Amid Price Decline: Asia’s First XRP Tracker Fund Launched
Despite a significant price drop, institutional interest in XRP continues to grow, highlighted by the launch of Asia’s first XRP Tracker Fund by HashKey Capital. This development provides professional investors with a regulated avenue to gain exposure to XRP without direct ownership, signaling strong confidence in the asset’s long-term potential.
XRP Price Drop but Institutional Interest Grows: Asia’s First XRP Tracker Fund Launched
XRP is currently trading at $2.05, a significant 44.57% drop from its all-time high. Despite the price decline, institutional interest in XRP remains strong. HashKey Capital has launched Asia’s first XRP Tracker Fund, allowing professional investors to gain exposure to XRP without directly holding the asset. The fund, which allows monthly subscriptions and redemptions, offers a regulated vehicle for institutional investors to access the third-largest token by market cap. Ripple, the company behind XRP, has backed the initiative as an early investor, marking a major step in expanding institutional access to the cryptocurrency.
Important Ripple (XRP) Price Update
The cryptocurrency market took a sudden dive in the past couple of hours, with XRP making no exceptions. XRP tumbled by around 2% in the past hour, bringing its total losses to about 8% for the last day. At the time of writing, the cryptocurrency is trading at around $2.04. Despite the price drop, the funding rates on XRP derivatives positions are currently positive, indicating a positive sentiment in the derivatives market.
XRP Leads Crypto Shopping List in Latin America Ahead of ETH, SOL
New statistics from crypto platform Bitso show that XRP is gaining traction as a payment option among Latin American consumers, accounting for 9% of all purchases on the platform. This marks a significant turnaround from 2023 when the token barely registered in average customer portfolios in the region. Mexican users are driving this adoption, with 10% of all crypto buying activity on Bitso directed towards XRP.
XRP Holds Onto $2 – For Now: Signs of Potential Correction
Ripple’s XRP is currently holding its $2 level, but there are underlying signs of instability. While price consolidation usually indicates a coming rally, the drop in network activity suggests a different story. The asset has retested the $2 support zone multiple times since November, but the decrease in transactions and active users may point to overvaluation and a potential market pullback.
5 Rocket Boosters for Ripple (XRP) Prices in Q2
The following five factors could propel Ripple (XRP) prices in Q2 2025. Firstly, a bullish 15-day Cup and Handle pattern emerged from Apr. 2 to Apr. 17, signaling an end to corrective bear markets and a potential reversion to a broader bullish trend. This follows a 90-day falling flag pattern visible at the 1Y view, which often indicates such a trend reversal. Additionally, XRP’s price rounded out converging trend lines on the falling flag trace, further confirming the bullish outlook.
XRP Eyes $2.60 Resistance with Growing Momentum
Ripple’s XRP has seen a bullish pennant breakout and rising options interest, reflecting growing momentum toward the $2.60 resistance zone. XRP whale flows remain neutral, but liquidation data hints at a possible short squeeze if Ripple breaks above $2.40. Sentiment has shifted into cautiously bullish territory, with both retail and institutional players showing increasing market confidence. Options Open Interest jumped by 24.40%, signaling a sharp rise in speculative positioning. At press time, XRP traded at $2.06, down 0.88% in 24 hours.
