XRP faced renewed selling pressure despite Ripple Prime’s reported entry into the Depository Trust & Clearing Corporation’s (DTCC) tokenization initiative, with the token declining 0.24% to $1.3040 over the past 24 hours. The recent announcement has not spurred a price rally, leaving traders focused on critical technical levels and market reaction.
XRP falls 0.24% as Ripple Prime joins DTCC tokenization initiative
Ripple Prime’s DTCC Participation Under Scrutiny
A post from analyst Amonyx called attention to Ripple Prime, a division of Ripple Labs specializing in institutional solutions, joining the DTCC’s new asset tokenization initiative. The DTCC, the leading US post-trade financial services company, reportedly manages $114 trillion in assets under custody.
However, the details released so far do not indicate that XRP itself will be used directly in the tokenization process. Market observers noted that while Ripple’s involvement in the project highlights its institutional growth, speculation over XRP’s role remains unresolved.
Ripple’s participation in the DTCC’s tokenization initiative has drawn attention to institutional adoption, but the announcement does not confirm direct integration of XRP in the project, leaving investors watching for further clarity.
Amonyx emphasized the scale of the DTCC initiative, underlining the significance for $XRP, but acknowledged that excitement remains contingent on whether the program creates tangible utility for the token.
Mini dictionary: DTCC – The Depository Trust & Clearing Corporation is the central infrastructure provider for clearing, settlement, and information services for US financial markets. It is widely regarded as a backbone of the traditional securities industry, handling trillions of dollars in daily transactions.
Technical Levels: Key Support and Resistance
Following a September rally, XRP has lost momentum, falling below the 50-day moving average at $1.4144 and trading near its 200-day moving average at $1.2800. Technical analysts pointed out that the 200-day line is now a crucial support level. A sustained hold above it could stabilize the price; however, a further decline would likely increase downside risk.
Resistance sits at $1.4144 and a stronger barrier at $1.4895. Any move above the 50-day average may shift momentum toward the bullish side, while remaining below this level leaves the token exposed to further consolidation.
| $1.2800 | 200-day moving average, key support |
| $1.4144 | 50-day moving average, immediate resistance |
| $1.4895 | Major resistance |
Derivatives Data and Market Activity
CoinGlass derivatives data showed a decline in open interest from late September highs, moving alongside XRP’s falling price. This trend suggests a reduction in outstanding futures positions, but does not definitively signal whether the futures market is leaning bullish or bearish.
Trading volumes have also eased from previous peaks, with occasional spikes persisting. This indicates that October’s price drop has occurred without a sharp increase in trading activity compared to earlier periods.
XRP’s lower open interest and subdued volume reflect reduced speculative interest following September’s activity, leaving traders awaiting fresh catalysts.
ETF Flows: Outflows Temper Sentiment
According to data provider SoSoValue, XRP spot ETFs recorded a net outflow of $2.47 million on October 16, 2026. By that date, total net assets of these funds reached $1.47 billion, with cumulative inflows standing at $1.80 billion.
The negative daily flow signals near-term selling pressure, even as the longer-term picture remains positive due to the sum of inflows. Analysts noted these figures pertain to transactions through October 16, and do not guarantee the trend continues in subsequent days.
| October 16, 2026 | -$2.47 million | $1.47 billion | $1.80 billion |
Short-Term Outlook and Next Steps
XRP’s immediate prospects depend on whether buyers can defend the $1.2800 support and recover the $1.4144 resistance. The moving average convergence divergence (MACD) indicator remains negative, with the MACD line at -0.0367 below the signal line at -0.0210 and the histogram at -0.0157, sustaining a bearish momentum profile.
A recovery above the 50-day moving average could trigger renewed upward momentum toward $1.4895, while a break below the 200-day moving average would reinforce the risk of further declines.
Ripple Prime’s institutional partnership narrative has influenced market sentiment, but traders are seeking clearer evidence of direct XRP utility or investment inflows before adopting a more bullish stance. Volatility remains high, with key levels and derivative data playing a central role in the near-term XRP market outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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