Despite a Series of Significant Advancements, XRP Remains Sluggish in Price Performance

Despite a series of significant advancements, XRP remains sluggish in price performance, prompting scrutiny within its community.

Despite a series of significant advancements, XRP has remained sluggish in price performance, prompting scrutiny within its community. However, one analyst, known as 589Bull, asserts that what appears as market weakness may instead reflect a deliberate tactic designed to deter retail investors while paving the way for institutional entry.

Over recent months, XRP has achieved several milestones. However, the token currently trades at $2.09, barely sustaining a key support level. From February to March 2025, it shed nearly 32% of its value, followed by an additional 0.24% drop in April. If losses continue, this quarter will mark the first three-month decline since the prolonged slump of 2022.

Investor confusion deepens as XRP’s core fundamentals show unprecedented strength. Ripple (CRYPTO:RPL), the blockchain firm driving XRP’s development, recently acquired Hidden Road, a major prime brokerage, in a $1.3 billion transaction. Furthermore, Ripple’s legal drama with the SEC is also nearing resolution, with both sides agreeing to withdraw their appeals—a major step toward clarity.

Institutions Are Quietly Reshaping XRP’s Future

589Bull rejects the notion that XRP’s stagnation results from random market behavior. He claims the price drop is a “trap,” not the truth.

Retail investors, he argues, are being misled into perceiving weakness, while the actual dynamics remain concealed from mainstream attention.

“Price is not the truth but the trap,” 589Bull noted.

He says while investors focus on daily red candles, institutions are preparing for a major shift. Futures are being structured, banks are moving into distributed ledger systems, ISINs are being assigned, and ETF paperwork is in progress. 589Bull believes that these developments are not meant to benefit average traders right away—at least not until the framework is fully in place.

The idea, according to the pundit, is that fear needs to dominate first. This keeps everyday investors on the sidelines while institutions prepare for full-scale adoption. He describes “XRP is dead” as “the lie,” and insists the real truth lies in its quiet integration into future financial systems.

“XRP is being embedded in the next financial system — but the on-ramp isn’t for you.”

Analyst Urges Patience Over Panic

In support of this theory, XRP has seen a spike in interest from serious players. Franklin Templeton, Bitwise, and Canary Capital are reportedly pushing ahead with plans to launch spot XRP ETFs in the U.S. A leveraged XRP ETF even made a strong debut, signaling confidence among larger investors in XRP’s future.

Despite this, the market refuses to reward these signs of progress. Many wonder why the token isn’t gaining momentum. For voices like 589Bull, that’s exactly the point. In his view, the system isn’t broken—it’s just not built for public holders.

As 589Bull describes, the goal is to “shake out early investors” so institutional players can take control without resistance.

589Bull advises traders to avoid chasing hype, demanding exact dates, or reacting emotionally to sudden market shifts. He explains that the real challenge isn’t about perfect timing—it’s about enduring the false narratives long enough to benefit when the truth unfolds. He warns those who react too quickly to price movement might miss the big picture.

“The trick is surviving the lie long enough to cash out on the truth,” he added.Related: El Salvador Signs Agreement with Nvidia to Boost Sovereign AI Initiatives