"XRP has experienced a decline, dropping below the $2 mark, largely due to a significant flushing of leverage in the market. Despite this downturn, there are compelling reasons why institutional investors continue to show interest and remain active in purchasing XRP. Various factors contribute to this enduring demand among institutions, including the cryptocurrency's unique utility, potential for future growth, and the strategic advantages it offers in the evolving landscape of digital assets."
source: https://blocknews.com/xrp-slips-below-2-as-leverage-gets-flushed-here-is-why-institutions-are-still-buying/