XRP Recovery Stalls Amid Low Demand

Ripple's XRP token has seen its recovery stall in recent days, as it maintains a narrow trading range around $1.10.

The token's upside remains constrained by low demand in both institutional and retail markets, with major moving averages trending downward.

Despite stable perpetual futures Open Interest (OI) at 2.21 billion XRP, investors lack conviction to remain exposed to risk, limiting momentum.

A further attempt to sustain a breakout above $1.16 lost steam last Tuesday, and the token has been unable to reclaim this level.