Ripple’s native token has plunged along with the broader cryptocurrency market, suffering a sharp decline in recent days.
This drop has occurred even as Ripple continues to expand internationally and institutional interest in the asset remains relatively strong.
Partnerships and More
Ripple has been signing strategic partnerships recently, many centered on its USD-pegged stablecoin, RLUSD. Earlier this week, the company reached agreements with Turkish crypto platforms BiLira, Bitexen, and Bitlo to boost the stablecoin’s adoption and utility.
In addition, Ripple partnered with Istanbul Technical University (ITU) to support research and graduate fellowships through RLUSD funding and to establish an on-campus XRPL validator.
Most notably, payments giant Mastercard upgraded its infrastructure to allow merchants and partners to settle transactions using various digital assets, including RLUSD.
Beyond stablecoin collaborations, Ripple expanded its U.S. footprint by opening a larger office in Washington, D.C., reinforcing its stated commitment to engage constructively with policymakers, regulators, and industry stakeholders in the nation’s capital. Stuart Alderoty commented on the expansion:
“Expanding our Washington, D.C. presence reflects our long-term commitment to constructive engagement, regulatory clarity, and U.S. leadership in financial innovation. As blockchain and digital assets become more integrated into the financial system, Ripple is committed to helping shape policy that protects consumers, supports responsible innovation, and keeps America competitive.”
The ETF Front
Unlike spot Bitcoin and Ethereum exchange-traded funds, ETFs with XRP as the underlying asset have attracted notable capital recently. Data indicate inflows exceeded outflows for several weeks, suggesting institutional investors were increasing exposure to XRP. Issuers such as Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale have consequently been acquiring physical XRP to meet demand.
That positive streak ended on June 3, when spot XRP ETFs recorded a daily net outflow of $5.34 million. Since their launch, these products have amassed a cumulative net inflow exceeding $1.42 billion.
XRP Price Outlook
XRP is down roughly 10% for the week, mirroring steep losses across the crypto market. Bitcoin fell toward the low $60,000s while Ethereum slipped toward the $1,700 area, contributing to broader market pressure.
Recent whale activity raises concerns that XRP’s bearish trend could continue. Large holders reportedly sold or redistributed about 60 million XRP over the past seven days, which could amplify selling pressure if smaller holders react by liquidating positions. Some analysts believe the token could dip below $1 in the short term if downward momentum persists.