XRP Price Surges 3.4% As Ripple Targets Institutional Trading Infrastructure Through TJM

The XRP price surged 3.4% over the past 24 hours to $1.90 as of 11:00 p.m. EST, while trading volume fell 32% to $3.1 billion.

This comes as Ripple sharpens its focus on traditional finance by deepening its collaboration with TJM Investments, a broker-dealer specializing in options, futures, equities, and fixed income under US regulatory oversight.

By taking a minority stake in the firm, Ripple is moving towards strategic systems that institutional investors already rely on, rather than pursuing visibility through upcoming retail-facing products or speculative narratives.

As a result, Ripple aligns more closely with the operational backbone of financial markets, where execution quality, compliance, and settlement are essential.

“By combining Ripple Prime’s capabilities with TJM’s institutional expertise, we’re making it easier for hedge funds, family offices and asset managers to access global markets with better capital efficiency,” said Reece Merrick, Senior Executive Officer at Ripple.

XRP Price Trades In A Bearish Channel Amid Weak Momentum

The XRP price traded above the $2.40–$2.60 support zone earlier in the year, a move that allowed the asset to rally to $3.66, its all-time high (ATH).

However, the Ripple token later entered a correction, forming a falling channel pattern on the daily timeframe.

The pullback pushed XRP toward the lower boundary of the channel, with the $1.90 support area currently acting as a key downside level. This zone has allowed XRP to consolidate temporarily, while the $2.15–$2.45 range now serves as resistance on the upside.

The bearish structure has forced the price of XRP to trade below both the 50-day and 200-day Simple Moving Averages (SMAs). The 50-day SMA is trending downward near $2.15, while the 200-day SMA remains higher around $2.59.

Meanwhile, the Relative Strength Index (RSI) is hovering around 40, indicating weak momentum. While the RSI is not yet in oversold territory, it suggests sellers still maintain control, though downside momentum is beginning to slow.

According to the XRP/USD daily chart analysis, the XRP price remains confined within a falling channel, signaling that the broader trend remains bearish.

However, price action near the lower channel boundary suggests the potential for short-term consolidation or a technical bounce.

If XRP manages to break above the upper boundary of the falling channel, a bullish trend reversal could happen. In such a scenario, the next upside targets would be the 50-day SMA near $2.15, followed by the 200-day SMA around $2.59

On the downside, continued weakness could push XRP back toward the $1.80 support level. A decisive break below this area could expose further downside toward the $1.70–$1.75 range.