Ripple's XRP Holds Support at $1.00 Amid Declining Sell-Side Pressure

XRP is trading above $1.00 after a brief dip below this key support level yesterday, according to FXStreet.

The return of inflows into spot Exchange-Traded Funds (ETFs) seems to have encouraged investors to re-engage in the market.

A decline in XRP exchange balances on Binance from 2.63 billion to 2.62 billion as of Tuesday is seen as a positive factor, implying reduced sell-side supply and potentially higher prices in the short to medium term.