According to external sources, the central reason for XRP ' s recent pressure was not a single-space event, but a marked reduction in the purchase. The report mentions that the current purchasing activity is down by about 11 per cent compared to the previous period, and that while prices are approaching lower levels in the year, the market still does not have a significant catch, which puts more pressure on the $1 level.
Buyers dropped by about 11%.
According to the article, XRP is currently in a more sensitive position. The price hovered around $1.05 on Thursday and was not far from the psychological threshold of $1. If the additional funding continues to be insufficient, the price may further slide to the US$ 0.90.
It appears from the text that market participants are not significantly stymied by falling prices. On the contrary, some traders are still waiting for lower entry, which means that even if there is a rebound, the short line may be of limited continuity.
There's still a gap in the low-level area.
It was also mentioned that long-standing holders do not currently show a strong willingness to buy. For a group of highly volatile assets, low prices near the stage without a significant recovery in demand tend to heighten market concerns about subsequent declines.
The article also discusses the weakness of the XRP in the broader market context. In addition to XRP, the overall kinetic energy of bitcoin and the Ethera has slowed down, with some high-volatility coins having seen a sharper fall.
Financial attention shifted to AI Board
According to external sources, in the near future some of the funds are going to AI-related areas, including chips, energy, high bandwidth storage and GPU supply chain enterprises, which also reduces the attractiveness of the encryption market for incremental funds. If this situation persists, the Yamaki currency may face more pressure than the mainstream currency.
According to figures, the XRP rose to $3.65 a year ago in July. If prices fall further to the vicinity of $0.90, the drop above that high point will be close to 71 per cent, and the increase of more than a year before will be largely wiped out.