XRP Slides Toward $1 as Sellers Regain Control

XRP has slipped below a key short-term support near $1.10 as profit-taking and long liquidations push the token toward $1.

The decline came shortly after Ripple secured a full Crypto-Asset Service Provider license from Luxembourg's Commission de Surveillance du Secteur Financier under the European Union's Markets in Crypto-Assets framework, prompting a sell-the-news reaction among traders.

Fresh geopolitical tensions added pressure across risk assets, with reports of a tanker attack in the Strait of Hormuz and U.S. airstrikes on Iran pushing crude oil prices higher and weighing on equities.