XRP Retreats After Failing to Hold Near $1.40

XRP traded near $1.32 to $1.33 on October 22 and 23 after another attempt to approach $1.40 lost momentum, keeping the $1.30 area in focus as near-term support. The price reports described the token as holding above that level after recent tests, though a sustained break below it could expose lower support areas. The move came amid weakness across the cryptocurrency market. Bitcoin and Ethereum also declined during the period, adding to a cautious backdrop, while reports did not establish a single cause for XRP’s pullback. XRP had reached close to $1.40 before sellers pushed it lower; on October 21, it failed to hold gains and closed at $1.36, according to one market account. Recent U.S.-listed spot XRP exchange-traded fund flows were positive but modest. Data attributed to SoSoValue showed about $709,000 in net inflows on Wednesday and approximately $3.55 million on Thursday. Cumulative net inflows were reported at about $1.8 billion, while the funds held roughly $1.6 billion in net assets. These figures measure different things: cumulative flows track subscriptions and redemptions, while net assets also change with market prices. The reported daily inflows did not prevent...