#XRPETF $XRP XRP prepares for the fight

As Bitcoin continues to gain prominence and advance into new markets, XRP seems to be lagging behind, not keeping up with the overall optimism driving the cryptocurrency market. Although the price of XRP has technically recovered its key exponential moving averages and broken out of its downward channel, the momentum has stagnated, especially in contrast to Bitcoin's spectacular recovery.

With the bullish structure still present, albeit marginally, XRP is currently trading near $2.45 and has established a local support zone between $2.30 and $2.35. While the price movement has moved above the 100 and 200-day EMAs, it remains erratic and cautious. With the RSI oscillating around neutrality, there are few signs that a breakout is imminent. Furthermore, volume levels have not encouraged a long-term recovery.

Bitcoin's growing dominance in the market is one of the main factors hindering XRP. As Bitcoin's dominance increases, altcoins lose money. Bitcoin generally becomes the main force behind cryptocurrency capital flows during periods of high dominance, leaving altcoins like XRP struggling to gain inflows. The reason XRP struggles to sustain post-breakout gains, while Bitcoin easily explores price discovery around $111,000, is due to this dynamic. There is also pressure on the altcoin market as a whole.

Many layer 1 tokens and DeFi are falling behind, failing to maintain breakouts or gain traction. With its regulatory baggage and erratic on-chain metrics, XRP is not positioned as one of the main beneficiaries in the current risk cycle, and Bitcoin's gravitational pull is suffocating the altcoin season narrative. XRP may continue to lag unless BTC stabilizes and its dominance. For now, XRP is still on the sidelines of the bull market party.