It's been 24 hours since the news that Russia legalized cryptocurrencies came out, but XRP's price reaction has been quite weak. The market that should open up to 146 million users is currently down to $1.31. There are also reports that XRP was designed as a math-based payment method for institutional investors, but the market doesn't seem eager to buy aggressively.

Last week, it briefly dropped to $1.10, then recovered a bit, but the rebound was subtle. Contrary to the chart, buyers seem to be entering very cautiously. While DEX activity appears to have increased, it also seems like a temporary reaction. Given the current situation, if the $1.41 support level breaks, technically, the price could quickly accelerate downward toward $1.10. The market is aware of this, which is why there's a strong wait-and-see mood.

On social media, bullish predictions are flying around, but the actual chart is telling a different story. Traders are currently unwilling to act on promises without evidence. The next move—whether it stabilizes in the short term or accelerates downward—will be crucial.