XRP Plunges Towards $1.00 as Selling Pressure Persists

Ripple's price continues to be pressured by persistent selling in the market. Despite mild inflows into spot ETFs and marginal increases in derivatives, XRP remains vulnerable to a further 10% drop towards $1.00.

The remittance token failed to sustain an early-week rebound on Monday due to geopolitical uncertainty amid mixed signals from the United States and Iran following peace negotiations in Switzerland.

The crypto market remains pressured, with sentiment falling across the board, as reflected in the Fear & Greed Index at 23. Institutions are turning to XRP amid intense selling pressure, but sustained demand is required to support an extended recovery.