$XRP Price Loses $1 Support, Bears Eye $0.98

$XRP has lost its $1 support and is currently trading at around $1.00 after briefly falling below that level.

The token's price slipped 2.8% over the past seven days, with a broader downtrend keeping buyers on the defensive.

An analyst, Crypto Patel, noted that $XRP has lost about 73% from its cycle high above $3 and is producing lower highs and lower lows on its daily chart.

The token's struggle around $1 follows a wider retreat that began after it traded above $2 in January. It fell sharply to approximately $1.40 in February, consolidated through May, and then resumed its decline in June.