Good morning.

Institutions keep building rails while price keeps drifting lower.

Franklin Templeton just added $150M in fund shares to the XRP Ledger, nearly quadrupling its on-ledger presence.

Yet XRP is still the weakest major this morning.

Regime check:
• Below EMA, 1.4% under the 12h trend line
• Neutral at 51, down 20 points in 30 days
• Total market cap down 4.0% while volume fell 14.8%

Sentiment has reset to the middle, but the slope is still negative. Today may show whether tokenization headlines can pull in real spot demand.

Question now:
Does institutional on-chain adoption start showing up in price...
or does the soft trend keep winning?

XRP Coffee Break later ☕

$BTC