#XRP
The recent drop in Bitcoin, XRP, and Ethereum is mainly attributed to
🔴 Widespread profit-taking** after strong highs, with 94% of XRP holders, for example, in a profit situation.
🔴 Macroeconomic uncertainties**, such as the Fed's decision to maintain interest rates and concerns about its independence, have also shaken the market.
🔴 Global risk aversion** caused investors to migrate to safe assets, such as gold, putting pressure on cryptos. Additionally,
🔴 specific factors**, such as the monthly release of XRP tokens by Ripple, contributed to the selling pressure.
