### XRP Faces 3% Drop Amid Imminent Volatility and Institutional Accumulation

XRP has experienced a 3% decline in the last 24 hours, now trading at $2.18. Despite this drop, an accumulation trend hints at impending price volatility. Over the past two weeks, XRP has remained below the $2.20 mark, fluctuating between $2.14 and $2.25. On-chain data reveals consistent network activity with daily transactions on the XRP Ledger surpassing two million, indicating strong engagement even as the price stagnates.

Market analyst and long-time XRP advocate, EGRAG Crypto, has identified $2.65 as a critical "go-go signal" level needed for a bullish breakout. This signal aligns with increasing institutional adoption, suggesting that XRP could move from its current sideways trading pattern to an extended rally.

From a technical standpoint, XRP has been navigating a "mega falling wedge" since reclaiming the $3.00 threshold in January 2025. After peaking at $3.40 on January 14, 2025—its highest level in seven years—the price fell and formed a wedge pattern characterized by declining highs and lows. EGRAG Crypto highlights five essential price levels: $2.30, $2.35, $2.36, $2.45, and $2.65. Breaking through these hurdles, particularly the $2.65 mark, could confirm a bullish reversal.

On the institutional front, significant developments have bolstered XRP’s fundamentals. Brazil's B3 exchange launched XRPH11, the world’s first Ripple-based ETF, directing 95% of its assets to XRP on May 25, 2025. Concurrently, CME Group introduced XRP futures on May 20, 2025, and the U.S. Securities and Exchange Commission approved the first XRP futures ETF on April 30, 2025. This series of approvals and product launches underscores the growing institutional interest in XRP.

Notably, over $200 million of XRP moved into institutional-grade addresses in late May 2025, based on WhaleAlert data. Companies like VivoPower and Webus International have also declared their intentions to create significant XRP reserves, demonstrating increased corporate adoption.

As XRP's daily simple moving average (SMA) for 50-day and 200-day timeframes rests at $2.25 and $2.30, respectively, maintaining prices above these levels is crucial for reversing the current bearish trend. Although liquidity remains sparse between $2.20 and $2.30, minor buying pressure could push the price towards EGRAG’s initial $2.30 threshold.

The forthcoming weeks are critical for XRP as it navigates these technical and institutional milestones. As on-chain activity remains strong with an average of over two million daily transactions, the potential for a decisive move looms large. Institutions and individual traders alike are keenly watching for a break past the $2.65 level, which could signal a significant bullish phase for XRP.