XRP Price Rejected at $1.60 for Second Time This Month

XRP's price has been rejected at $1.60 for the second time in roughly a week, causing it to plummet over 7% in 24 hours to around $1.48.

The token's market capitalization is now $92.7 billion, with over $4.87 billion of volume changing hands in the last 24 hours.

Claude AI predicts that XRP will be defined by its current levels, with a well-defined floor just beneath the current price and a ceiling at $1.60.

The wider market is soft, with the total crypto market cap slipping nearly 3% to $2.85 trillion, but XRP is taking it harder than most.