XRP Defends $1.40 Floor Amid Strong Institutional Demand

XRP has continued to trade within a narrow band between $1.41 and $1.43, defending its $1.40 floor for the third time in four sessions.

The token's market capitalization exceeds $80 billion, with approximately 60 billion tokens in circulation.

After a sharp rally from below $1.00 to an intraday peak of $1.6963 between August 17 and 22, XRP has given back ground, but the reversal has been orderly rather than violent.

The 200-day EMA, sitting near $1.34 to $1.35, remains a key level for traders, with price holding above it throughout the correction.