XRP Price Stabilizes Near $1 as Ledger Volume Drops 90% After Brief Surge

The price of XRP has held steady at $1.04 after a significant drop in Ledger volume, which fell by nearly 90% from its peak of 614.9 million XRP on August 7.

This brief surge was followed by a sharp decline in activity, which is a common pattern seen in the XRP Ledger's payment flows over the past month.

The price chart still faces significant resistance, with short-term support at $1 and potential breakdown to recent lows between $0.95 and $0.97.

Price forecasts place an upper recovery boundary at $2.50, but for XRP to reach this level, it must first reclaim nearby moving averages and end its lower-high sequence.