XRP is trading near the $1.00 mark after closing the day at $1.000—its lowest level of 2024. The token has remained within a steep downtrend channel since a failed attempt to rally to $1.10 three weeks ago.
XRP briefly dipped to $0.99 before staging a slight recovery. Trading volume has declined, while network data indicates increased activity among existing holders but virtually no change in the number of new users.
On August 12, XRP briefly fell below the $1.00 support level, touching $0.99, before recovering slightly. At the time of writing, XRP was trading around $1.0082, down 1.5% over the past 24 hours.
Trading volume dropped by 28% during the same period, signaling weakened market activity. XRP is currently down 69% from its January highs.
$XRP
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XRP briefly dipped to $0.99 before staging a slight recovery. Trading volume has declined, while network data indicates increased activity among existing holders but virtually no change in the number of new users.
On August 12, XRP briefly fell below the $1.00 support level, touching $0.99, before recovering slightly. At the time of writing, XRP was trading around $1.0082, down 1.5% over the past 24 hours.
Trading volume dropped by 28% during the same period, signaling weakened market activity. XRP is currently down 69% from its January highs.
$XRP
#Write2Earn
