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XRP struggles as it drops by 6%, affecting competition with BTC and ETH

The decline in XRP’s social volume and increased selling pressure suggest growing technical challenges. Despite positive market sentiment, technical indicators remain bearish, complicating XRP’s potential for price recovery, highlighting its struggle to maintain competitive standing.

Current market conditions weigh heavily on XRP, trading at 2.15 USD, with a 6% weekly decline. XRP’s market cap, though significant at 123 billion USD, doesn’t shield it from bearish pressures and reduced network engagement, stunting growth amid BTC and ETH competition.

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