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XRP is showing signs of stagnation in its recent price movements, with a slow decline and lack of structure, causing concern among traders. After reaching a recent high of $3.60, the coin has gradually returned to the current price of $3.10, without any typical signals usually associated with sharp corrections or consolidations.
Unlike sharp crashes caused by panic or liquidations, the current movements of XRP lack conviction on both sides. The steady decline is occurring alongside decreasing trading volume, indicating widespread hesitation and indecision across the market.