XRP Price Situation Today!!!
XRP's price is struggling around 1.40 dollars and looks weak. The most important level to watch is the strong support at 1.00 dollars. If the price falls more, this is the last big floor before a bigger drop. Right now, it is testing a weak support zone between 1.35 and 1.42 dollars. For the price to start recovering, it needs to break above the resistance between 1.50 and 1.55 dollars.
The price is going down for a few reasons. First, when the whole crypto market is fearful and Bitcoin falls, XRP often falls harder. Second, many traders who borrowed money to buy XRP are being forced to sell, which pushes the price down even more. Regular investors are also being cautious and selling to take small profits, adding to the selling pressure.
XRP has a very high supply of coins—60 billion are in circulation, and there can be up to 100 billion total. This makes it less scarce than coins like Bitcoin. However, good news is growing demand from big institutions using the XRP Ledger for tokenizing real-world assets, which surged 265 percent recently. For short-term, the trend is down and risky. For long-term, if this institutional use keeps growing, it could create good demand for XRP in the future.
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