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In the current market recovery, XRP is one of the least sought after assets and its performance is remarkably poor compared to the other top 10 cryptocurrencies. XRP’s gains are still modest as it rose just 0.32% over the past day and 0.33% over the past week, while major coins like Bitcoin – which recently reached $72,000 – and Solana – which is up more than 7.5% in the past week. last week – are experiencing significant upward momentum.
For XRP, this lack of movement is a bearish sign that it is not attracting much attention from whales or investors, especially in a bull market environment. XRP’s poor performance could be attributed in part to the overwhelming dominance of Bitcoin, which has increased to around 60%. Other assets like
Due to Bitcoin’s dominance, money from altcoins is frequently redistributed, reducing price action for assets like XRP. Further exacerbating the negative sentiment, XRP’s trading volume is still low compared to the other top 10 stocks, indicating little interest and trading activity. If this trend persists, the lack of interest from institutional and retail investors could be a sign that XRP could face additional price pressure.
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In particular, around $0.50, XRP may struggle to maintain current support levels if it does not quickly attract investor attention. XRP’s place in the top 10 could deteriorate absent an increase in trading volume or whale interest, especially as coins like Dogecoin and Solana continue to attract new users.
