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Crypto

XRP Price Falters Below $1.18 as Bulls Struggle to Defend Support

Guavy AI Editorial Team
Instruments
XRP
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Ripple's price recovery remains sluggish as XRP bulls defend the $1.00 support level.

The token has been declining steadily since its July high of $1.18, with reduced demand and a lack of catalysts hindering any potential upside momentum.

Despite holding above the $1.00 demand area, XRP's technical structure remains weak, defined by downward-sloping major moving averages.

The token's remittance use case has not seen significant institutional engagement lately, as evidenced by muted ETF activity in US-listed XRP spot Exchange-Traded Funds (ETFs).

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