XRP Price Plunges Below Key Resistance Level Amid Cooling ETF Inflows

XRP's price is trading at $1.39 as of August 29, down 5% from the day before.

This marks a decline from the token's rally earlier in the week and has pushed its price below the previous quarter value area high of $1.43.

Analysts point out that this level was initially acting as support but is now acting as resistance, with the next potential downside target being $1.30.

However, it's noted that a full drop to $1.30 is not expected, and XRP is showing less strength than anticipated.