Crypto
XRP Stuck Below $1.10 Amid Regulatory Progress
XRP's price remains stuck below $1.10, despite Ripple securing EU regulatory approval under MiCA and Evernorth's proposal to accumulate $1 billion worth of XRP.
The token is trading tightly around $1.06, with technical resistance, seasonal weakness in August, and macroeconomic uncertainty limiting price momentum.
The market awaits a decisive break above $1.10 or a drop below $1.00 to confirm direction, while Ripple's regulatory progress and Evernorth's plan offer potential long-term catalysts if executed successfully.