XRP falls below $1.10: Will XRP recover?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: XRP dropped by more than 5 percent within an hour on Sunday evening and trades at around $1.10 on Monday morning, its lowest level since August. Liquidations, empty ETF books and Tuesday's inflation release are documented; the editorial assessment is set out separately.XRP fell below the $1.15 zone on Sunday evening.Add as a preferred source on GoogleFollow on Google NewsXRP trades at around $1.10 at about 6:50 a.m. on Monday morning, roughly €0.98. According to CoinGecko, that is 5.3 percent below Sunday morning's level and 12.4 percent below the price a week ago. Most of the decline came in a single trading hour on Sunday evening: between 10 p.m. and 11 p.m. German time, XRP slid from $1.152 to $1.093 on the Kraken exchange. XRP last traded this low on August 20. What is documented: in the 24 hours to 1 a.m. on Monday, leveraged positions worth $604.4 million were forcibly closed across the crypto market, 92 percent of them bets on rising prices. The US spot ETFs for...