- XRP’s unexpected dip raises concerns amid Bitcoin’s surge, highlighting a deviation from typical price patterns
- Institutional support wanes as Solana outpaces Ripple in ETP inflows, affecting XRP’s growth and stability
- Technical indicators suggest a potential downward trend for XRP, with RSI and MACD signaling caution among investors
Despite early bullish trends, XRP experienced a notable dip, reaching a low of $0.608 during Tuesday’s intra-day trading. This downward movement occurred unexpectedly, particularly in light of Bitcoin’s surge past the $42,000 mark. Analysts note that Ripple’s XRP, typically moving in tandem with Bitcoin, deviated from this pattern, sparking concerns among investors.
I was feeling some exasperation when I did this post but the overriding thing I experienced was curiosity. The fall happened across many Altcoins at the same time and Bitcoin also fell. Although we know the market seems to move together I am always surprised when these moves by… https://t.co/jZQL3rrJrv— bill morgan (@Belisarius2020) December 4, 2023
The core of Ripple’s current challenge lies in its diminished appeal to institutional investors. While Ripple has long …
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