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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid persistent uncertainty in crypto markets, XRP is flirting with the psychologically key $1 level after hitting a 19-month low near $1.01, per Benzinga data. The decline comes despite the network recording a three-month high in new wallet creation and eight straight weeks of spot ETF inflows — a disconnect between improving fundamentals and falling prices.
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Sign InThis divergence suggests selling pressure or macro headwinds are outweighing positive on-chain signals. While activity indicators rose, the price failed to benefit, reinforcing expectations that $1 may be tested as major support. The moves come as markets await US monetary policy cues.
Investors are eyeing recent US inflation data, which showed the Super Core PCE year-on-year rate rose to 3.94% on June 25, per market data, from 3.56% previously, potentially fueling a hawkish Fed stance. Meanwhile, Q1 GDP growth came in stronger than expected at 2.1%, underscoring economic resilience and adding pressure on risk assets like cryptocurrencies.