XRP experienced a 5% decline, raising concerns about the drop in Bitcoin.

XRP experienced a sharp decline from 2.30 dollars, facing a loss of %5. This drop is attributed to profit-taking. Institutional trading volume indicates that the market is congested at a strong resistance level.

In the broader cryptocurrency markets, there is a sense of pressure along with weak risk appetite and technical trading patterns. Particularly, Bitcoin's decline below 93,000 dollars has created a problematic expectation among investors. Although the first U.S. spot XRP Exchange-Traded Fund (ETF) initially captured strong volume, the market could not sustain its gains.