XRP is currently trading at $1.12, after losing 11% over the past week and 20% over the past month. Its recovery toward $1.30-$1.34 failed, and the token has declined by roughly 14% since November 5. The $1 level represents both a psychological and potential technical support, but rising selling volume and a lack of supportive fundamentals make the area vulnerable. A prolonged correction remains possible, while a sustained return to $1.20 would require higher lows and fundamental improvements. Binance’s hack has increased market fear and contributed to Bitcoin falling toward $70,000 and Ethereum struggling around $2,200.
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