XRP Price Grinds Near Multi-Week Lows at $1.06
XRP's price has been stuck in a consolidation phase near multi-week lows, and its chart is not sending any buy signals. The token has spent weeks grinding near the bottom of a range that stretches from highs above $2.50, with each attempted recovery fading before reaching $1.10.
The key support zone for XRP is currently at $1.05-$1.06, and what happens in the next 48 hours will likely define the next meaningful move. Derivatives markets are offering little conviction either way, with funding rates near neutral, leverage pulled back, and liquidation activity relatively balanced.
The Ripple-SEC regulatory overhang remains a major macro backdrop for XRP's price action. Broader crypto sentiment and market cap data show XRP holding sixth place overall, with a market cap of roughly $66B and 24-hour volume near $977 million.