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Crypto

XRP Price Fades as $1 Support Zone Looms

Guavy AI Editorial Team
Instruments
XRP
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Ripple's price rebound momentum has stalled, and its value is now at risk of testing $1.00.

The token dropped by about 3% on August 20 to fall below $1.40, trading at $1.38.

This decline follows a recent rally that saw XRP strengthen alongside the broader market after positive news regarding the U.S. SEC's innovation exemption for U.S. stock tokenization.

The Federal Reserve's rate hikes have suppressed overall market risk appetite, leaving XRP without additional external catalysts to drive further gains.

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