Ripple’s XRP is struggling to regain momentum, stuck in a tug-of-war around the $1.04 level as a mix of U.S. policy uncertainty and sustained ‘ETF outflows’ weighs on near-term sentiment. Despite a sharp jump in trading activity, price action remains fragile—underscoring concerns that selling pressure is still dominating flows.
As of Thursday, Aug. 7 (UTC), XRP was trading at $1.0362, according to CoinMarketCap data, sitting below the closely watched $1.05 area that many traders treat as a key support-turned-resistance zone. XRP’s 24-hour trading volume rose 43.7% to roughly $1.51 billion,… Read more
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