XRP price extended its downtrend in February, hitting a low of $1.1137 — 70% below its all-time high and the weakest level since November 2024. The decline came amid a broader crypto market crash, even as several bullish catalysts emerged.
XRP ETFs attract inflows while BTC, ETH bleed
Spot XRP ETFs saw nearly $60 million in net inflows in February. By contrast, Bitcoin ETFs lost over $206 million and Ethereum funds bled $369 million. XRP became one of the few assets to attract net capital during the rout.
On-chain activity on the XRP Ledger also strengthened. The total value of real-world assets (RWA) on the network rose 10% to $2 billion, surpassing Solana’s $1.8 billion. According to DeFi Llama, the overall RWA on-chain market cap has surged above $20.8 billion.
CEO predicts $10 trillion migration
Ripple CEO Brad Garlinghouse predicted that over $10 trillion in assets will eventually migrate to XRPL, citing rising institutional capital and a structural shift toward on-chain finance. He pointed to major asset managers like BlackRock, WisdomTree, Franklin Templeton, and Fidelity launching tokenized products. The recent launch of Permissioned DEX on XRPL allows institutions to participate in DeFi in a regulated manner. Separately, Ripple Labs obtained a banking charter from the Office of the Comptroller of the Currency, positioning itself as a full-service platform.
Technical indicators point to more weakness
Despite strong fundamentals, XRP price remains in a technical bear market. A mini death cross is forming as the 50-week and 100-week exponential moving averages converge — a classic bearish continuation signal. The Relative Strength Index has fallen to near the oversold level of 30, and the Percentage Price Oscillator has dropped to multi-year lows. A large double-top pattern completed at $3.38 with a neckline at $1.6143.
Near term, XRP could test its February low of $1.1137 again. A break below that would open the door to further declines, potentially targeting the $1 psychological level.