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XRP tests $1 level as derivatives cool and stop-loss pressure rises

XRP has slid toward the $1 level, with investors’ stop-loss selling expanding at the fastest pace since the 2022 selloff. XRP fell to $1.02, its lowest since February, and market unease has persisted despite a rebound. Liquidations hit derivatives markets first, while open interest and futures turnover fell sharply across major exchanges. Loss-taking also accelerated, and risk-adjusted returns weakened. Broader crypto weakness has limited the chance of funds rotating into XRP.