XRP Ledger’s XRP token is hovering near a key technical support level after falling about 56% from its 2025 high, even as a closely watched vote on a permissioned decentralised exchange nears completion.
XRP has dropped to around $1.55 amid a broader crypto market sell-off that has dragged down bitcoin and most major altcoins.
The decline comes despite positive ecosystem developments, including Ripple Labs securing an EU-wide electronic money licence, alongside recent banking and regulatory approvals in the US, UK and Singapore.
Developers have also activated votes on key amendments, including the Permissioned DEX proposal, which is progressing smoothly and is widely expected to pass.
The proposed changes would allow institutions to build regulatory-compliant decentralised exchanges with features such as Know Your Customer and Anti-Money Laundering controls for use cases including stablecoin swaps, payroll and cross-border corporate payments.
Onchain data also show growth in tokenisation activity, with the value of real-world assets represented on the XRP Ledger rising 265% over the past month to more than $1.45 billion.
Technical indicators suggest XRP is at a critical juncture, with a sustained break below current support potentially opening the door to a move toward $1, while a rebound could see prices recover toward the $2.34 resistance level.
At the time of reporting, XRP price was $1.45.