🟥XRP continues to weaken, having lost nearly 50% of its value year-to-date — from $3.65 to around $2.00. Market capitalization has fallen to approximately $120 billion, while the technical setup points to a persistent bearish trend. The formation of a double-top pattern and the approach of a death cross increase the risk of a decline toward $1.62, with a potential extension to $1.50 if that support fails.
🟥Notably, this negative price action persists despite strong fundamental developments around Ripple. The company has secured a U.S. banking license, reported robust demand for XRP-based ETFs, and attracted major investors. However, broader weakness across the crypto market continues to outweigh these positives, keeping XRP in a zone of heightened uncertainty and volatility.