XRP Price Grinds Near Lows as Regulatory Uncertainty Continues

The XRP price is stuck at multi-week lows, hovering around $1.0648 with a -1.22% drawdown over the last 24 hours.

Despite its proximity to the $1.05-$1.06 support band, there are no clear signals indicating a potential recovery or reversal.

The derivatives markets reflect this neutral sentiment, with funding rates near zero and leverage pulling back, making it unlikely for a quick price surge in either direction.

One of the major factors holding XRP back is the ongoing regulatory uncertainty surrounding Ripple and its dealings with the SEC, which continues to cap institutional enthusiasm.