XRP Hits $1.04 Support as ETF Outflows Start to Climb

XRP is experiencing a shift in market sentiment after recording its first round of net outflows in several weeks. The move follows a period of heavy buying activity, suggesting that both institutional and retail participants are taking a step back as the token faces increased volatility.

The price of XRP is currently retesting the $1.04 mark. Traders are watching this level closely because it has acted as a significant psychological boundary for the asset recently. If the price fails to hold here, it may trigger a larger correction across the board.

Analysts are monitoring the upcoming sessions to see if buyers return at these lower prices. Whether this pullback represents a temporary breather or the start of a deeper slide remains the primary question for those holding the asset.