XRP traded at $1.08 on July 13 after losing 1.09% over 24 hours and 5.48% across seven days. The token’s market value stood near $67.36 billion, keeping it sixth among cryptocurrencies by market capitalization. The latest decline pushed the asset toward its lowest price in ten days after buyers failed to hold the rebound above $1.10. The price had recovered from an early July low near $1.01 and briefly challenged resistance around $1.20.
Market Context
Renewed tension between the United States and Iran weighed on risk assets and helped push XRP below the lower end of its recent range. The token now sits close to the psychological $1 level, which traders have defended several times since June.
Whale Activity
Large transactions on the XRP Ledger have dropped sharply, with the number of transfers worth more than $1 million falling from 70 over the previous week to only two on July 13, according to crypto analyst Ali Martinez. He described whale activity as “cooled significantly.”
ETF Flows
XRP investment products recorded more than $7 million in net withdrawals last week, ending nine straight weeks of inflows. The reversal followed a period when XRP funds attracted capital even as Bitcoin and Ethereum products faced withdrawals.
Technical Analysis
The Bollinger Bands place XRP in the lower half of its recent trading range, with the price sitting slightly below the middle band near $1.0879. Analyst Grega Horvat said the token was approaching support near $1 and identified $0.95 as another level on the four-hour chart.
Based on reporting from crypto.news.
