XRP Hovers Above $1.08 Support as Bulls and Bears Clash

XRP is facing a critical juncture as it struggles to hold above its $1.08 support level.

According to Pluang, if XRP falls below this threshold, it may trigger a sharp decline to around $0.91 or even $0.86, representing a drop of about 21%.

However, holding above the $1.08 level could lead to a bullish move toward $1.20 and possibly higher resistance near $1.30, signaling a potential recovery for XRP.

The XRP Ledger has seen significant growth in tokenized real-world assets, adding around $2.6 billion in value over the past six months, making it the second-largest blockchain for net inflows behind BNB Chain.