XRP Traders Eye Crucial Support Level Amid Slowdown in Institutional Inflows
XRP is trading near $1.0203 support after modestly slipping over the last session, still below its key short- and long-term moving averages.
The asset's recent price action suggests continued softness relative to trend benchmarks.
Despite net inflows for a fourth straight week in XRP ETFs, institutional investment pace slowed in early August near a psychological price level.
XRP/USD faces strong bearish pressure with a projected trading range of $1.0203 to $1.0517 and a very low probability of an upside breakout.