XRP recorded the largest drop among major cryptocurrencies this week, driven by a mix of technical and fundamental factors. Market-wide corrections led to increased sell pressure, but XRP’s decline was amplified by regulatory uncertainty surrounding Ripple and decreased trading volume. Additionally, profit-taking by short-term investors following recent price spikes contributed to the sell-off. While other assets showed resilience, XRP struggled to hold key support levels, raising concerns about further downside if market sentiment doesn’t improve.
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