Deutsche Bank, a global financial institution, is expanding its use of Ripple's technology to enhance its cross-border payment systems, foreign exchange workflows, and digital asset custody services. This move is reported to target a 30% reduction in costs for these operations, signaling deepening institutional integration of blockchain solutions.
Amid this news, the XRP token is showing signs of consolidation. The price is currently trading near $1.4306, up 0.37% over a four-hour period, as it recovers from a February low of approximately $1.15. Despite this slight recovery, XRP remains in a challenging position for the month, having fallen more than 30% from its early-February level near $2.05.
Market data reveals mixed signals. Open interest has risen 0.63% to $2.37 billion, while trading volume surged 10.97% to $4.02 billion, indicating renewed market participation. However, from a technical standpoint, the price trades below all major Exponential Moving Averages (EMAs), with the Supertrend indicator signaling a bearish trend at $1.4949. Key support is identified at the Bollinger Band level of $1.2788.
The price weakness occurs despite significant on-chain accumulation. Since October 2025, large holders, or "whales," have accumulated 3.17 billion XRP. Furthermore, institutional adoption and inflows into related financial products like ETFs have continued, even as the token's price struggles. Historically, February has been a difficult month for XRP, with declines in seven out of the eleven years since 2014.
