Morgan Stanley’s XRP Exposure Emerges as Price Struggles Near $1
📉 XRP has dropped over 10% in the past week, bringing its yearly losses to nearly 70%, as it struggles to maintain a price near $1.
🏦 Despite the downturn, institutional interest remains strong, with firms like Morgan Stanley holding significant positions in XRP-linked exchange-traded funds.
🔍 Market activity shows a bearish trend, with a low Taker Buy/Sell Ratio and elevated futures open interest, indicating potential risks but also opportunities for future recovery if key price levels are reclaimed.
📉 XRP has dropped over 10% in the past week, bringing its yearly losses to nearly 70%, as it struggles to maintain a price near $1.
🏦 Despite the downturn, institutional interest remains strong, with firms like Morgan Stanley holding significant positions in XRP-linked exchange-traded funds.
🔍 Market activity shows a bearish trend, with a low Taker Buy/Sell Ratio and elevated futures open interest, indicating potential risks but also opportunities for future recovery if key price levels are reclaimed.