XRP Price Faces Crucial Support Test at $1 Amid ETF Demand Woes

XRP's price continues to decline, trading near $1.05 on August 6 after four consecutive daily declines kept sellers firmly in control.

The token is now close to its psychological support level of $1, with a sustained break below this level potentially exposing it to the $0.88 area, although this target remains unconfirmed and speculative.

Buyers must first reclaim $1.11 for any chance of recovery, while a move above $1.50 would provide stronger evidence of a confirmed reversal.