Factors for the Decline in XRP Price:

XRP price has declined in the last 24 hours (-0.66%), reflecting profit-taking after a price rally in July that reached 60%. Some factors causing this decline are:

1. Profit-Taking: After a 60% rally in July, many traders began selling XRP at the peak price of around $3.66.

2. Altcoin Rotation: With the increasing dominance of Bitcoin (60.33%) attracting investor attention, there has been a shift in market liquidity from altcoins to Bitcoin.

3. Technical Decline: XRP also experienced a technical decline below important support levels, signaling a bearish trend for future price movements.

Stay vigilant and monitor market movements for the next steps! 📉💡

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