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XRP Trapped Below $1.10 as Price Continues to Slide Inside Descending Wedge

Guavy AI Editorial Team
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XRP ZIL
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XRP's price has been struggling to break above $1.10 as it trades inside a descending wedge on its daily chart.

On August 3, XRP fell 1.76% to $1.0667, with all four EMAs sloping downward above the current price.

Ripple's strategic investments in ZILO and Licuido aim to build out capital markets infrastructure for XRP Ledger, but this news has not yet translated into a price recovery.

Cumulative XRP ETF inflows have reached $1.5B, with a monthly pace of $27.29M in July, down from $131.94M in May.

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