XRP Price Struggles to Hold Above $1

XRP's price is hovering around $1, its lowest point since November. The token has been unable to move beyond this level, with buyers unwilling to commit. This has raised concerns about a potential break below $1.

According to CoinGecko, the 24-hour volume reading for XRP is $756.5 million, suggesting that conviction is thin on both sides of the market. The token's 7-day change sits at -2%, indicating a decline in value over the past week.

The macro backdrop is not helping risk assets generally, with chip stocks selling off and inflation fears resurfacing. Treasury yields have also pushed the Nasdaq down over 1% at the open, compressing crypto ranges rather than breaking them cleanly.