XRP Drops Below $1 Mark as Sellers Gain Momentum

XRP faced a rough week with a 2.8 percent decline over the last seven days. The asset briefly dipped below the significant $1 price point as selling pressure mounted across the charts. This move puts buyers on the defensive while the market watches to see if support can hold.

Weak daily momentum and steady capital outflows are currently driving this trend. Traders are now paying close attention to the $0.98 level, which acts as the next major target for sellers. If the price fails to reclaim the $1 territory soon, it could signal a longer period of consolidation for the coin.

This recent slip highlights the difficulty of maintaining high price levels during periods of broader market uncertainty. Market participants should monitor whether buyers step in near the $0.98 zone or if the downward trend continues to weigh on the asset for the coming days.