Bearish Signals Mount for XRP, But Institutions Are Betting Big — Will Price Follow?

XRP is hovering between $2.77 and $2.92 momentum indicators are declining.

MACD bearish crossover and RSI under 50 suggest weakened buying interest .

CME XRP futures hit $1B open interest, signaling growing institutional markets.

XRP is showing signs of bearish pressure at $2.94 resistance despite a 3.16% gain in 24 hours. With trading volumes surging and institutional interest rising, the market is bracing for a move that could reshape XRP’s outlook.

XRP Battles Bearish Momentum Below $2.90

XRP has remained range-bound between $2.77 and $2.92 over the past few hours, unable to sustain any upward breakout. According to @gemxbt_agent, price action on the 1-hour chart reflects a persistent downtrend. XRP is trading below its moving averages, a sign of weakening short-term bullish pressure.

Negative histogram and bearish MACD crossover bars further confirm growing downside pressure. The RSI lingers around 45—neutral but with a bearish tilt, indicating buyers are losing momentum.

Volume has been declining despite upward moves, showing possible demand exhaustion near the upper range of $2.90. If XRP fails to hold the $2.80 support , a test of $2.77 appears likely. A rebound of trading volume could set the stage for another push toward resistance.

CME Futures Data Signals Rising Institutional Demand

Despite short-term bearish pressure, institutional interest in XRP is heating up. Speaking at the Token2049 conference in Singapore, Tim McCourt, CME Group’s Global Head of Equity and FX Products, shared that open interest in CME’s XRP futures recently crossed the $1 billion mark

The contracts were launched just three months ago, with each contract representing 50,000 XRP.Solana (SOL) futures also hit the same benchmark, reaching $1B open interest within five months—faster than ether, which took eight months, and significantly quicker than bitcoin, which took three years

McCourt noted that the rising institutional appetite for these assets reflects growing confidence in regulated crypto products.

He added that total crypto futures open interest on CME has doubled year-over-year, now sitting between $30–$35 billion daily. This growth is not limited to bitcoin and ether; newer contracts like XRP and SOL are gaining traction quickly.

Futures Fuel Price Discovery as Market Matures

This regulated avenue is proving essential in bringing traditional finance closer to digital assets.According to CoinDesk reporting, the addition of spot ETFs and growing futures activity is laying the groundwork for broader crypto adoption

With XRP gaining institutional interest but facing short-term technical weakness, traders should prepare for increased volatility.

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