XRP Price Grinds Near $1.00 Amidst Lackluster Demand

XRP's price continues to hover above the crucial $1.00 support level but remains vulnerable to deeper sell-offs due to the lack of institutional demand and subdued ETF activity.

The recent surge in perpetual futures Open Interest, rising to 2.74 billion XRP, may indicate growing interest in XRP derivatives, but this momentum is not yet translating into a sustained price recovery.

Technical analysis suggests that XRP's near-term bias remains bearish, with the price holding decisively below major moving averages and momentum indicators weakening further.