XRP Struggles to Keep Up with Broader Crypto Rebound

XRP's price has been under pressure as it struggles to join the broader cryptocurrency rebound. The token is currently trading around $1.03, down from its previous week's high and a decline of roughly 4.8% over the past seven days.

The recent weakness can be attributed to a combination of regulatory uncertainty, softer institutional demand, and pressure from derivatives markets. The delay in the CLARITY Act vote has reduced one of XRP's major short-term catalysts, while institutional demand for XRP-linked investment products has weakened.

Traders are closely watching the $1 level, which remains the key psychological support for XRP. A sustained move above $1.06 could improve short-term sentiment, but a break below $1 could expose XRP to further losses.