XRP Fights to Hold $1.00 — Regulatory Uncertainty Weighs!
XRP is trading near $1.00**, fighting to hold the psychological support level. The token dipped to **$0.9882 on August 17 before recovering. XRP is down roughly 2% over the past week.
Why XRP Is Under Pressure:
· XRP is the most sensitive to the CLARITY Act delay — the bill would clarify its regulatory status
· The token is trading below both the 50-day EMA ($1.07) and 100-day EMA ($1.15)
· XRP briefly broke below $1.00 on August 15 for the first time since November 2024
The Bright Side: XRP ETFs saw $2.25M** in inflows recently, led by Bitwise. The **$1.00 level is holding for now.
Key Levels: Support at $0.997**; resistance at **$1.006. A break below could open the door to $0.94.
$CL
#XRP #Ripple #CLARITYAct #Altcoins #CryptoMarket
XRP is trading near $1.00**, fighting to hold the psychological support level. The token dipped to **$0.9882 on August 17 before recovering. XRP is down roughly 2% over the past week.
Why XRP Is Under Pressure:
· XRP is the most sensitive to the CLARITY Act delay — the bill would clarify its regulatory status
· The token is trading below both the 50-day EMA ($1.07) and 100-day EMA ($1.15)
· XRP briefly broke below $1.00 on August 15 for the first time since November 2024
The Bright Side: XRP ETFs saw $2.25M** in inflows recently, led by Bitwise. The **$1.00 level is holding for now.
Key Levels: Support at $0.997**; resistance at **$1.006. A break below could open the door to $0.94.
$CL
#XRP #Ripple #CLARITYAct #Altcoins #CryptoMarket