**Morgan Stanley’s XRP exposure is revealed as the price struggles around $1**
- XRP has fallen more than 10% over the past week, pushing the one-year decline to nearly 70%, as the coin struggles to hold its price around $1.
- Institutional interest remains strong, as companies like Morgan Stanley hold significant positions in exchange-traded funds linked to XRP, despite negative sentiment across the broader market.
- Market indicators point to a bearish trend, with the Taker Buy/Sell Ratio staying low and open interest on the futures market rising; however, the potential for a rebound still exists if XRP can reclaim the $1.24 level.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto
- XRP has fallen more than 10% over the past week, pushing the one-year decline to nearly 70%, as the coin struggles to hold its price around $1.
- Institutional interest remains strong, as companies like Morgan Stanley hold significant positions in exchange-traded funds linked to XRP, despite negative sentiment across the broader market.
- Market indicators point to a bearish trend, with the Taker Buy/Sell Ratio staying low and open interest on the futures market rising; however, the potential for a rebound still exists if XRP can reclaim the $1.24 level.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto