XRP Price Faces a Crucial Test as Network Activity Weakens—Is the $1 Support at Risk?

XRP is trading around $1.10, extending its decline as trading volume remains subdued and buyers struggle to regain momentum. The token is under pressure amid a broader market cooldown, while weakening network activity adds to cautious sentiment. XRP continues trading inside a long-term descending channel, raising concerns about the $1 support level.