XRP Price Slumps 5% Amid Technical Level Break
XRP's price has taken a hit, dropping by 5% to $1.39 on August 29th. This decline erases some of the gains made earlier in the week.
The token broke below its previous quarter value area high at $1.43, which is an important technical level for XRP traders.
Despite briefly reclaiming this level after strong ETF inflows and a favorable trading window on Thursday to Sunday, XRP ultimately fell back below it.