XRP Hovers at Critical $1 Support Amid Market Pressure

XRP is facing significant selling pressure and is dangerously close to dropping below the $1 mark. This comes even as Bitcoin remains steady near $64,000. Traders are watching this psychological support level closely, as a failure to hold it could lead to further declines after the price recently slipped from $1.10 following legislative delays in the CLARITY Act.

Institutional interest, which many hoped would boost the token, has been lackluster. While spot XRP ETFs managed to stay in the green for a fourth consecutive week, total inflows were a tiny $1 million. Recent days have shown stagnant data, with some sessions recording zero movement. This lack of institutional momentum is weighing on investor confidence as the market looks for a spark.

On the brighter side, the XRP Ledger is seeing growth in tokenized real world assets, which surged nearly 400% this year to reach $4.4 billion. Ripple also continues to secure regulatory wins, including a full MiCA license to operate across the European Economic Area. However, the team is currently warning users to stay alert for phishing scams and fake giveaway posts, reminding everyone that official entities will never ask for wallet keys or offer sudden airdrops.

Investors are now weighing these fundamental developments against the ongoing price volatility. While some analysts remain optimistic about a potential rebound from the $1 level, the market remains cautious as it waits for a clearer signal in the coming weeks.