XRP fell 15% in one week and briefly dropped below the $1 psychological level amid a broader crypto sell-off driven by hotter-than-expected US inflation and disruption at Nvidia. Analyst Ali Martinez said the break below support near $1.29 could lead XRP toward $0.99, with a loss of that level potentially triggering an extended correction to $0.80. Spot XRP ETFs recorded significant outflows as pension funds, hedge funds and other cautious institutions reduced their exposure. However, the RSI fell to around 21, its lowest level since June, while large XRP holders acquired roughly 65.32 million units in four days, potentially laying the groundwork for a relief rally.
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