Bears Eye XRP's $1.00 Support as Demand Fades

XRP's price has been under pressure due to declining demand from both institutional and retail investors. According to recent data, trading volumes on major exchanges have decreased, indicating a lack of fresh capital entering the market.

The absence of new catalysts, such as significant announcements or partnerships, has removed a key driver of XRP's price growth. Institutional investors, who had previously fueled the cryptocurrency's rally, appear to be taking a wait-and-see approach.

Technically, XRP has formed a series of lower highs and lower lows over the past month, a classic bearish pattern. The $1.00 mark is considered a critical level, as it represents a previous resistance-turned-support zone that has held multiple times since early 2024.