XRP Holds $2.84 in 51-Day Correction As Narrow Range Trading Meets Ledger Amendments and Institut...

XRP price consolidates between $2.82 support and $2.88 resistance during a prolonged correction phase.

Institutional entry gains traction with new amendments enabling credentialed wallets, domains, and permissioned exchanges.

Liquidity pools may reduce retail supply as institutions hold XRP reserves within regulated ecosystems.

XRP(XRP) continues to trade under pressure following a slight daily decline of 0.5%, leaving the token at $2.84. The current chart structure highlights a correction phase that has now stretched across several weeks. Notably, XRP has tested support at $2.82, with resistance forming at $2.88, reinforcing the narrow trading range. Market attention has shifted toward the potential impact of new protocol amendments designed to enable institutional entry through permissioned systems on the XRP Ledger.

Institutional Access Through Permissioned Frameworks

Three amendments are now central to XRP’s evolving infrastructure. XLS-70 introduces credential-based identity, allowing wallets to carry verifiable KYC and AML compliance records. This addition creates a framework for regulated participants to securely operate within the ledger

Furthermore, XLS-80 enables permissioned domains where only credentialed wallets can interact, separating institutional flows from the broader retail environment. Together, these measures aim to ensure a clear regulatory foundation for larger market participants.

Liquidity Pools and Market Scarcity Dynamics

A further change involves the launch of permissioned decentralized exchanges on the ledger. These exclusive order books allow institutions to transact in stablecoins, foreign exchange, and XRP while maintaining regulatory safeguards. As liquidity pools expand, institutions are expected to hold significant XRP reserves within these mechanisms. The process effectively removes supply from open markets while increasing the depth of institutional trading activity. This shift has drawn attention to the balance between retail accessibility and institutional accumulation.

Correction Phase Patterns in Recent Price Action

Alongside these technical changes, XRP’s price movements reveal consistent correction phases. Previous declines have extended between 24 and 78 days, each followed by periods of renewed activity

The most recent correction has lasted 51 days and aligns with resistance near $2.88. Support at $2.82 has repeatedly limited further downside, suggesting price stability within this zone. As technical corrections persist, market participants continue monitoring both structural amendments and institutional entry points for potential influence on supply distribution.