XRP is focusing on the support level of 1.88 dollars.

Decline in XRP and Market Dynamics

XRP experienced a decline of about 4% as Bitcoin fell below the $88,000 level. This price movement appears to be more related to market structure and investor positioning rather than changes in Ripple's fundamentals.

Institutional Investor Withdrawals

Investors made weekly withdrawals of approximately $40.6 million from XRP Exchange-Traded Funds (ETFs). This situation seems to indicate that institutional investors are realizing profits and rebalancing their portfolios.

Support and Resistance Levels

XRP is currently stuck between a support level at $1.88 and a resistance range of $1.93–$1.95. The decrease in trading volume suggests that a larger price movement could occur once the current situation is resolved.