XRP Tests Crucial $1.09 Macro Level as Traders Brace for $0.87 Breakdown Risk

XRP tests $1.09 macro support as XRPL tokenized assets cross $4B, while traders watch $0.87 if selling pressure grows.

XRP has returned to the $1.09 area on Coinbase, where traders are watching a major .786 retracement level. 

The level has been tested several times since early June. Market analysts say repeated visits to this zone may reduce supply over time. 

However, failure to hold it could bring the $0.87 support area into focus.

The price test comes as the XRP Ledger records growth in real-world asset tokenization. 

Evernorth reported that tokenized assets on XRPL rose from $150 million to more than $4 billion in one year.

Still, the data includes details that traders are weighing carefully. One energy token accounts for $2.2 billion and is held by only 19 wallets.

XRP Returns to Key $1.09 Level

XRP is testing the $1.09 area after weeks of pressure across the market. This level matches the .786 retracement on Coinbase. Traders often treat this area as a major macro support zone.

Since early June, XRP has continued pulling liquidity from this range. Each test has added more activity around the same price zone. 

Therefore, the level has become important for both buyers and sellers. The next downside area sits near $0.87 if $1.09 fails. 

A move toward that zone would mark another deep test for XRP. Traders are watching whether buyers can defend the current support.

XRPL Tokenization Growth Draws Attention

The XRP Ledger has also reported strong growth in real-world asset activity. Evernorth said tokenized assets on XRPL crossed $4 billion. 

The figure was about $150 million one year earlier. More than 500 tokenized products are now live on the network. 

These products cover assets represented on blockchain rails. The growth has placed XRPL back in the tokenization market discussion.

XRP-related ETF inflows have also extended for eight straight weeks. Cumulative inflows reportedly reached $1.49 billion during that period. New wallets also increased by about 40% per week.

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Data Details Shape Market View

The tokenization figure comes with important context for market readers. About $2.2 billion of the total comes from one energy token. That token is held by only 19 wallets.

Only about $385 million is reported as actually held on-chain. The remaining amount is tied to registry data, not a fully active market. 

This means the headline total does not fully show live liquidity. For XRP price, the $1.09 level remains the near-term focus. 

A strong defense could support a wider recovery attempt. A weak reaction may increase attention on the $0.87 support zone.

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