Ripple’s XRP is attempting to stabilize after breaking below a widely watched support level, with price action hovering around $1.12 as traders gauge whether the recent sell-off has further to run. The rebound has so far lacked conviction, however, as trading activity has thinned sharply—an indication that the market is still searching for a clear catalyst.
As of Saturday ET, XRP was changing hands near $1.12, up roughly 2.4% over the prior 24 hours, according to CoinMarketCap data. Even with the bounce, the token remains down about 16% over the past week. XRP’s market capitalization stood… Read more
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