XRP Drops 7% to Four-Month Lows Amid Weak Technical Setup

XRP has fallen 7% to its lowest level in four months, as traders weigh increasing institutional demand against a weak technical setup. According to CoinDesk, the token's price dropped from $1.2360 to $1.1497, touching lows near $1.14 before a slight recovery. Despite $20.3 million in weekly inflows into XRP investment products, the market has not responded to bullish developments, with more than 25 million XRP leaving exchanges recently. Traders are now focusing on the $1.14-$1.15 support zone, with a potential shift toward $1.11 if it breaks lower.