XRP Price Action Softens as Spot Demand Surges

XRP's price has been trading in the $1.10 to $1.12 range, experiencing a 2% decline over the past day.

Despite steady spot buying, price action has softened, but beneath this lies a more interesting story: spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.

This divergence is worth watching because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant.

Recent technical signals show XRP struggling to hold above the $1.14 area after its weekly advance, with short-term momentum cooling and the MACD still favoring buyers.