Core Viewpoint - XRP is currently testing a critical support level at $1.90, with signs of selling pressure diminishing and potential for a short-term bounce if certain conditions are met [2][5][7]. Price Movement and Technical Analysis - XRP has experienced an 18% decline over the last five months, dropping from a July high of approximately $3.65 to around $2.20 by the end of November [4][7]. - The price has been fluctuating around the $1.90 support level, which has historically acted as a floor during corrections, indicating potential buying interest from larger investors [9][10]. - The TD Sequential buy signal has emerged, suggesting that selling pressure may be waning, but confirmation is needed through increased trading volume and continued ETF buying [5][11]. Institutional Activity and ETF Impact - New spot XRP ETFs have significantly changed institutional buying patterns, with four providers holding over $700 million in combined assets, indicating steady demand [12][13]. - Institutions are gradually increasing their exposure to XRP, which helps absorb selling pressure during price drops and indicates that professional money managers view current price levels as reasonable entry points [14]. Market Conditions and Future Scenarios - The market requires stronger catalysts for a sustained rally, as recent price movements have shown weak buying interest and thin liquidity [2][16]. - If the $1.90 support holds and trading volume increases, XRP could see a bounce of 14% to 18%, restoring confidence after a period of selling [11]. - Various scenarios for XRP's future include a bullish case where it breaks through resistance levels, a base case where it remains range-bound, and a bearish case where it falls below $1.90, potentially leading to further declines [20][22][25].