📉 Ripple (XRP) Price Correction Looms as Institutions Pull Away 📉

📉 Ripple (XRP) price has observed consistent declines for the past couple of weeks, both in terms of price and investor interest. This bearish trend was anticipated to subside in April, but it has persisted.

❌ Institutions Divest Ripple: XRP's slow recovery is attributed to waning interest from institutional investors, who play a significant role in influencing asset prices. According to the CoinShares report, XRP saw only $0.1 million in inflows from institutions, contrasting with other assets like Litecoin and Binance's BNB, which received higher inflows.

📉 XRP Price Prediction: The current XRP price is trading above the crucial 38.2% Fibonacci Retracement level at $0.60. If this level is lost, a drawdown to the 23.6% Fibonacci level at $0.55 is likely. The Ichimoku Cloud, a technical analysis tool, is also showing bearish signals for XRP's price direction.

📈 Key Level to Hold: Flipping the 38.2% Fib level into support could enable XRP to breach the 50% Fibonacci Retracement at $0.64. This scenario would invalidate the bearish thesis, potentially pushing the altcoin above $0.65.