Ripple (XRP) was trading near $1.08 on Tuesday, extending a short-term pullback even as it held onto a modest weekly gain—an uneven price action that underscores the tug-of-war between near-term profit-taking and longer-term narratives around institutional adoption.
As of 1:00 p.m. UTC on July 8, XRP changed hands at $1.0807, down about 3.97% over the past 24 hours, according to CoinMarketCap. Despite the decline, XRP remained up roughly 4.08% over the last seven days, suggesting the latest move is being treated by many traders as a consolidation rather than a clear trend reversal.
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