XRP Price Drops 15% as Profit-Taking Weighs on Token Amid US-Iran Tensions

XRP's price has dropped to $1.34 as profit-taking and deteriorating risk sentiment weigh on the token.

The decline follows a 72% rally in August that lifted XRP from $1.00 to $1.70, but the advance lost momentum as traders locked in gains and the market searched for fresh liquidity.

Despite the correction, continued inflows into spot XRP exchange-traded funds (ETFs) and a slight increase in futures activity suggest underlying demand has not disappeared.

Sustained ETF inflows are helping offset some selling pressure, but XRP must recover above $1.35 and $1.40 to reestablish a convincing bullish trend.