XRP price remains under bearish pressure this week, even as the network reports fresh updates and continued movement on the Permissioned DEX vote.
The Ripple token has dropped to a key support area near $1.5463, which is roughly 56% below its 2025 high. This decline has matched the broader crypto downturn that has weighed on Bitcoin and most altcoins.
Still, the ecosystem is showing progress. Developers said Ripple Labs secured an EU-wide electronic money license, which can help the company work more easily with financial services firms across the region. Ripple Labs has also gained additional approvals in recent months, including a U.S. banking charter and licenses in the UK and Singapore.
On the network side, the XRP Ledger turned on the XLS-80 vote, which targets permissioned domains. More importantly, the Permissioned DEX vote is moving closer to its required threshold.
These steps are significant because they support the creation of regulatory-compliant decentralized exchanges for institutions and developers. A permissioned DEX is built with controls such as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which can make it more practical for regulated use.
The team believes permissioned DEX features can unlock stronger business use cases, including stablecoin and fiat swaps, contractor and payroll payouts, cross-border B2B payments, and corporate treasury operations.
The XRP Ledger is also expanding in tokenization. Recent data shows the value of represented assets in real-world asset tokenization jumped 265% over the last 30 days to more than $1.45 billion.
XRP Price Prediction: Technical Analysis
On the weekly chart, XRP price has dropped sharply over recent months and is now holding a major support zone. This level aligns with the Major S&R Pivot Point from the Murrey Math Lines tool, and price has failed to break below it several times since April last year.
The token is trading below the 50-week Exponential Moving Average and the Supertrend indicator. At the same time, the Relative Strength Index (RSI) keeps falling and is now close to oversold levels.
If XRP price breaks under this support, it may signal deeper downside, with the next major level around $1—about 35% below current levels. The alternative scenario is a rebound that could lift price toward $2.34, a stronger pivot and possible reversal area on the Murrey Math Lines tool.
