XRP slips 1% in 24 hours as traders weigh a move below $1 against a possible reversal

XRP is extending a broader downtrend as traders assess whether the token is headed for another push below $1 or setting up for a reversal. Price action has weakened after breaking down from a months-long range, while indicators show heavy selling pressure alongside signs of a bounce from oversold levels. The outlook also hinges on declining XRP dominance and whether renewed whale positioning can support a turnaround.