XRP Slumps to New Lows on Binance Amidst Record-Selling Pressure
XRP's price has been volatile this week, experiencing a brief dip below $1 before recovering to around $1.01.
According to exchange data, selling pressure on Binance for XRP has reached its highest level since May, indicating potential near-term downside risk for the token.
The recent price action shows that despite the modest recovery, the strength was short-lived, and XRP settled near $1.01.