XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.

Traders should be cautious and wait for confirmation of a trend before investing in XRP, as a bearish outcome is likely if the token falls below the trendline or $0.5. Rumors have circulated that Robinhood may list XRP before the end of 2023, which could potentially trigger another price rally.