I noticed an interesting pattern with XRP — the token is clearly losing investment interest. The price has dropped from $3.6 to the current $1.43, and demand for spot ETFs has almost dried up. If a month ago funds still attracted $10M, in the last month they have already lost $31M assets. The first outflow since the ETF was launched. What is behind this? First, the overall weakening of the crypto market — Bitcoin and Ethereum are also not performing well. But there is also a more localized problem within the Ripple ecosystem. I looked at RLUSD — the stablecoin is clearly stagnating in development. Market capitalization is around $1.4B, although it was higher before. Meanwhile, USDC added $10B in a month, and USDT holds $184B. RLUSD lags noticeably — trading volume over 30 days is only $9.1B compared to $7T USDC. Ripple Labs is trying to do something — they launched Ripple Prime, bought GTreasury for corporate treasuries. But there’s no result. Even XRP Ledger is losing ground to new blockchains. DEX volume on the network is only $125M per month, while Solana shows $50B. Technically, XRP is forming a bearish flag after falling below the Fibonacci level of 61.8%. RSI is below 50, and the price is under the downward trend line. There is a risk of further decline to $1.1175 or even to the psychological level of $1.00. A reversal is only possible if we break the trend upward — then the target level is $2.0. For now, the scenario is bearish, especially if RLUSD shows no signs of recovery.

I noticed an interesting news — XRP Ledger now has native support for ZK proofs through integration with Boundless. This is not just a technical update, but a significant step for the ecosystem. The thing is, XRPL has always positioned itself as a platform for institutional finance, but it had one critical problem: full transparency. All transactions, treasury strategies, relationships with counterparties — everything is visible in the open ledger. This creates competitive risks and compliance issues. Even Ripple itself couldn't fully utilize its own DEX for payments due to these limitations. Boundless, a zero-knowledge proof network, solves this problem. Now, institutional clients can conduct operations on XRPL with complete confidentiality — from stablecoin payments to DeFi flows. Boundless's VP of Engineering explained that ZK proofs enable sanctions checks and other compliance requirements without revealing data. No third-party trust needed, full control over what is visible. The context is interesting. In February, Ripple announced major XRPL updates, expanding functionality beyond payments. In November, they tested settlements with the RLUSD stablecoin together with Mastercard and WebBank. Simultaneously, interest in real asset tokenization is growing — Argentine company YPF Luz launched a platform with over $800 million in the ledger. This reflects a broader industry trend. ZK technologies have ceased to be experimental and have become the core infrastructure for the next level of institutional DeFi. At the Ethereum DevConnect conference, ZK tools were the dominant topic, and Boundless was highlighted specifically for its work on cross-chain operations based on proofs. Honestly, this is one of those moments when crypto infrastructure becomes truly useful for serious players. XRPL has attracted over $550 million in ecosystem funding, with users including SBI Holdings, Guggenheim, and other heavyweights. With added privacy via ZK, use cases expand exponentially. If you're interested in tracking the development of such solutions, you can monitor activity in the XRPL ecosystem and related projects on Gate.

I noticed that XRP has been trapped in a very tight triangle pattern against Bitcoin for over a year, and the movement is currently around 0.00002135 BTC. The price has collapsed from the peak of $3.65 that we saw in 2025, and is now trading around $1.43, but the exciting thing is that the shape of the cone formed indicates a potential breakout is coming. The story began in November 2024 when XRP exploded from 0.00000700 to 0.00003062 BTC in December, a crazy rise of 337% in less than a month. Afterwards, it entered a long consolidation phase and this very tight triangle pattern formed. The current cone volume is very narrow, meaning we are close to a critical moment. The real key is Bitcoin dominance. Currently, Bitcoin controls 56.93% of the market, and if this dominance starts to decline, it could be the spark that triggers XRP out of this triangle. Analysts expect that if a bullish breakout occurs, we could see a parabolic rise pushing the pair to 0.000048 BTC, which means gains of about 116% from here. Interestingly, if Bitcoin continues to rise and the breakout actually happens, we might see XRP approaching new all-time highs. But all of this depends on Bitcoin’s dominance decreasing first. The current situation is like sitting on a barrel of gunpowder, and the market is waiting for the spark.