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XRP Price Hovers Around $1 Support Level Amid Market Pressure

Guavy AI Editorial Team Published August 12, 2026

Instruments

XRP

XRP has been facing significant pressure in recent days, with its price hovering around the $1 support level.

The decline is attributed to several factors, including a lack of institutional investment and decreased liquidity in the market.

'We're seeing a perfect storm of low liquidity and high selling pressure,' said an expert.

XRP's decline has been gradual, with its price falling from $1.45 just a week ago to its current level around $0.97.

The Wire

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