XRP continues to underperform regardless of the broader cryptocurrency market’s bullish momentum, with Bitcoin main the cost. Whereas XRP has reclaimed key technical ranges—buying and selling close to $2.45 after breaking out of a descending channel and rising above its 100- and 200-day EMAs—its rally seems weak and hesitant. Buying and selling quantity stays lackluster, and the RSI hovers in impartial territory, providing little indication of a robust rise.
Bitcoin’s explosive run, just lately surpassing $111,000, is drawing vital capital, with ETFs alone seeing practically $1 billion in inflows. This rising dominance is diverting investor consideration and funds away from altcoins. Traditionally, when Bitcoin asserts market dominance, altcoins like XRP usually wrestle to realize traction, and that sample is taking part in out as soon as once more.
XRP is presently supported between $2.30 and $2.35, however its lack of ability to take care of post-breakout momentum underscores the market’s cautious stance. Broader altcoin sentiment can be subdued, with many Layer 1 and DeFi tokens unable to carry positive factors or generate significant curiosity. Regulatory uncertainty and inconsistent on-chain information additional cloud XRP’s outlook.
Except Bitcoin’s dominance begins to wane or XRP sees a big volume-driven push above $2.60, the token could stay sidelined on this bull cycle. For now, XRP’s potential stays capped, overshadowed by Bitcoin’s gravitational pull on market sentiment and liquidity.
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