Despite major bullish headlines, XRP is facing intense downside pressure, with the token down nearly 5% in the last 24 hours and 8. 5% over the past week. Multiple EMA death crosses have also formed in recent days, reflecting the sustained weakness. Even with announcements like a $300 million investment from a Chinese AI firm and a $121 million treasury raise led by Saudi-linked VivoPower, the technicals suggest sellers remain firmly in control for now
source: https://beincrypto.com/xrp-slides-despite-institutional-adoption/