XRP Price Slumps 10% Amid Bitcoin Decline
XRP's price dropped nearly 10% after failing to break through the $1.50 resistance zone, falling from $1.42 to $1.28.
The decline was accompanied by a 23% drop in open interest, indicating heavy sell-offs and liquidations, which weakened bullish sentiment.
Despite positive ETF inflows and institutional demand, XRP's price lagged due to Bitcoin's decline and rate hike concerns.