XRP Plummets Below $1 Amid ETF Demand Drop and Macro Positioning

XRP has dropped below the $1 mark for the first time in hundreds of days due to a combination of factors including evaporated ETF demand, forced long liquidations, and defensive macro positioning ahead of US inflation data.

Institutional interest has stalled, and technical indicators show XRP is oversold with resistance overhead. While large holders are accumulating, the price faces key support levels near $0.99 and downside risk toward $0.75 if weekly support breaks.

A recovery above $1.036 and the 200 EMA would be needed to signal a trend reversal. This comes as the XRP Ledger network activity remains high, with active users doubling since mid-July, despite the price decline.