XRP has declined to $1.32, marking its lowest level in over three months as selling pressure outweighs exchange outflows. Despite more than 25 million XRP moving off exchanges, indicating potential accumulation, the price continues to struggle against selling forces. Spot XRP ETFs have seen fresh inflows, totaling approximately $1.42 billion, yet this demand has not reversed the downward trend.
The cryptocurrency dropped from $1.3384 to $1.3208, hitting a 15-week low, with a significant breakdown occurring on 55.03 million in trading volume. The price briefly touched $1.314 before recovering slightly to $1.32. The market remains defensive, with sellers maintaining control, and $1.31 serving as immediate support. A recovery above $1.34 could potentially trigger momentum towards $1.37 and $1.40, but until then, the short-term outlook remains weak.
XRP Falls to $1.32 Amidst Heavy Selling Pressure
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