Md Shahid Arman
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$XRP
Why failed?
XRP's price hasn't seen a significant bullish rally despite RLUSD approval due to market volatility, profit-taking, and cautious investor sentiment. While RLUSD approval by NY regulators is a positive development, broader concerns about XRP's utility and Ripple's control over supply remain.
After an initial 7% jump, XRP corrected from highs around $2.90 to $2.57. External factors like global market conditions and competition with other stablecoins also influence its performance. The cryptocurrency's outlook depends on sustained adoption and regulatory clarity
Why failed?
XRP's price hasn't seen a significant bullish rally despite RLUSD approval due to market volatility, profit-taking, and cautious investor sentiment. While RLUSD approval by NY regulators is a positive development, broader concerns about XRP's utility and Ripple's control over supply remain.
After an initial 7% jump, XRP corrected from highs around $2.90 to $2.57. External factors like global market conditions and competition with other stablecoins also influence its performance. The cryptocurrency's outlook depends on sustained adoption and regulatory clarity
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