XRP Struggles Amid Market Rally As Bitcoin Dominates

According to U.Today, XRP is currently one of the least desirable assets in the market rally, performing poorly compared to other top 10 cryptocurrencies. Over the last day, XRP has only increased by 0.32%, and over the past week, it has risen by just 0.33%. In contrast, major cryptocurrencies like Bitcoin and Solana are experiencing significant upward momentum, with Bitcoin recently reaching $72,000 and Solana increasing by more than 7.5% in the last week. This lack of movement for XRP is a bearish sign, indicating that it is not attracting much attention from whales or investors, especially in a bull market environment. One reason for XRP's poor performance could be Bitcoin's overwhelming dominance, which has increased to about 60%. As investors are more likely to invest in Bitcoin to profit from its surge, other assets like XRP struggle to keep up. The redistribution of money from altcoins due to Bitcoin's dominance further lowers the price action for assets like XRP. Additionally, XRP's trading volume remains low compared to other top 10 cryptocurrencies, indicating little interest and trading activity. If this trend continues, the lack of interest from institutional and retail investors may lead to additional price pressure on XRP. Around the $0.50 mark, XRP may have difficulty maintaining current support levels if it does not attract investor attention soon. Without a surge in trading volume or whale interest, XRP's position in the top 10 cryptocurrencies may deteriorate, especially as coins like Dogecoin and Solana continue to attract new users.