XRP Hangs Precariously Near Critical Support Level

XRP is trading near the critical $1 level after falling roughly 6% in the past week.

The token remains below key major moving averages, making $1 a crucial support zone separating short-term consolidation from deeper losses.

Institutional demand has softened recently, with US-listed spot XRP ETFs experiencing muted inflows and assets under management near $950 million.

Derivatives activity is increasing, however, with XRP perpetual futures open interest rising to approximately 2.74 billion XRP from 2.62 billion XRP on August 5.