XRP has fallen 7% to its lowest level in four months, despite continued inflows into ETF products and a reduction in exchange balances. The cryptocurrency's price dropped from $1.2360 to $1.1497, briefly touching $1.14 before a slight recovery. This decline comes as XRP marked its 14th anniversary, with investment products recording $20.3 million in weekly inflows, contrasting with broader digital asset fund outflows of $1.5 billion.
The selloff has erased the $1.20-$1.60 trading range that defined the past four months, with technical indicators showing a downtrend. The monthly RSI has dipped below 43, a level historically associated with major market resets. Traders are now watching the $1.14-$1.15 support zone closely, as a break lower could shift focus to $1.11 or even below $1.00. Despite signs of accumulation, the price has yet to confirm a bullish reversal, leaving the market at a critical juncture.
XRP Drops 7% to Four-Month Lows Amid Market Uncertainty
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