XRP Price Stalls Near $1.00 as Technicals Signal Potential Deeper Correction

XRP's price has stalled near the $1.00 psychological level, raising concerns about a deeper correction in the cryptocurrency market. Technical indicators suggest that XRP may face a sell-off, with lower highs and declining trading volume indicating weakening momentum.

The prolonged legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has created uncertainty, weighing on investor sentiment. Market analysts point to a lack of fresh catalysts, which has hindered XRP's ability to break above resistance.

Key support levels for XRP include $0.95 and $0.90, while resistance is at $1.10. A daily close below $0.95 would confirm a bearish breakout, potentially triggering stop-loss orders and accelerating the decline.