XRP Drops Below $1.03 as Support Fails: What is Behind the Slide?

XRP is facing some downward pressure today, dropping nearly 3% over the past 24 hours to sit around $1.02. This slip below the crucial $1.03 support level has triggered a wave of selling as short term traders react to the technical breakdown.

The selling pressure is not just about the charts. Rumors and uncertainty surrounding the delayed U.S. Clarity Act are making some buyers nervous, while a noticeable dip in institutional interest is keeping the bulls at bay for the moment.

For now, market watchers are keeping a close eye on whether XRP can quickly reclaim the $1.03 level. If the selling continues, the next major support levels will be tested as the market searches for a solid bottom.