XRP Stuck at $1 Amid Weakening Demand and Rising Shorts

XRP's price is hovering just above $1 as market participants weigh whether this is another shakeout or the start of a deeper slide. Weakening spot demand and rising short positioning are contributing to the token's trading around the $1.03-$1.05 area.

The $1 level has become a make-or-break point for XRP, with some technical outlooks warning of a potential dip towards the high-$0.80s if support fails.

The recent decline in price momentum was amplified by a roughly $3.58 million redemption from a major XRP ETF, which can reflect short-term risk-off positioning more than any definitive view by the fund manager.