XRP Price Dips Below $1 Amid Weak Momentum

XRP's price has been experiencing a downtrend over the past week, falling by 2.8% and briefly dipping below $1.

The token is struggling to hold on to this key level due to weak momentum and ongoing capital outflows, which are contributing to a broader market downtrend.

According to technical indicators, the Chaikin Money Flow remains negative, indicating seller dominance in the market.

However, some short-term signs suggest that there may be buyer interest near $1, but this is not enough to propel the price above its current resistance at $1.011 or support at $0.98.

Analysts are divided on whether XRP has reached a bottom or if it could drop further, making it difficult to predict immediate price movements.