that's Why Ripple (XRP) Downtrend May Deepen Amid Rising Exchange Inflows
Ripple (XRP) has struggled to regain the $1.90 level, and recent price action has shown repeated rejections near that zone despite brief recovery attempts. After dropping sharply earlier in the week, buyers briefly managed to push prices higher on December 29, but selling pressure emerged just below $1.91.
Fresh data suggest a “clear intensification” of selling pressure on XRP, which has coincided with a sharp market correction that has seen the asset lose roughly 50% of its value, after falling from a recent high near $3.66 to around $1.85.
US investors have been able to gain exposure to spot XRP ETFs even as broader macroeconomic pressures weigh on digital asset prices. Reports suggest that these investment vehicles have even outperformed the BTC and ETH counterparts for the most part since their launch.
