XRP Price Stalls at $1.40 Amid Weak Technical Structure and Cautious Investor Sentiment
Ripple's (XRP) price has stalled at around $1.40 after its August rally to $1.70, prompting profit-taking and a cautious stance from institutional investors.
The token's technical structure continues to weaken, making recovery an uphill battle and raising the odds of an extended sell-off.
US-listed XRP spot Exchange-Traded Funds (ETFs) saw muted demand on Friday, with inflows totaling $19 million despite a cumulative inflows of $1.68 billion, undermining institutional investors' long-term positive outlook on XRP.