$XRP continues to trade under strong pressure as sellers maintain firm control throughout the daily timeframe. The token is holding around $1.04 after an extension of a broader downtrend that has been in place since the May peak. Technical indicators continue to lean bearish, while falling derivatives activity reflects reduced interest in trading and discussion. Nevertheless, steady outflows from exchanges suggest that many investors prefer to hold their tokens rather than prepare to sell them. This combination creates a market where short-term momentum remains weak, but underlying supply conditions could gradually improve if buying demand returns.