XRP is nearing the crucial $1.8871 support level as it exits a prolonged consolidation phase, indicating a clear downtrend with persistent pressure around $1.94. The cryptocurrency's movement comes as Grayscale prepares to launch its Spot XRP ETF (GXRP), which has already attracted $422 million in inflows for new XRP ETFs. Market participants are closely monitoring the $1.8871 support zone to see if it will prompt a significant market reaction as XRP's price continues to decline.