XRP's 20% Pullback Hits Critical Support: Is $2 Still in Play?
XRP drops 20% from its August high as $1.31-$1.38 support becomes the key zone for keeping a move toward $2 alive.
Crypto · News reference
XRP ETF inflows reach $15.4M as XRP Ledger tokenized assets hit $4.3B, but losing $1.05 could send price to $1.
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XRP drops 20% from its August high as $1.31-$1.38 support becomes the key zone for keeping a move toward $2 alive.
Despite Ripple's significant business expansion including acquisitions, new partnerships, and global rollouts, XRP's price has declined 50% over the last 12 months. The fundamental issue is that XRP's blockchain design doesn't tie token value to network activity—transaction fees are negligible (0.00001 XRP per transaction), meaning Ripple's corporate successes don't directly benefit XRP holders. The article suggests XRP may only see price movement from sentiment shifts or macro factors like potential crypto legislation.
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