XRP falls to a 9-month low: Despite strong fundamentals, why does Ripple continue to struggle?
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According to a report by Bijie Network: Despite strong ETF inflows, solid strategic partnerships, and a record-high risk-weighted asset total value locked (RWA TVL) of $235 million, the price of XRP remains closely tied to bitcoin’s volatility, with a near-perfect correlation of 0.998. While long-term fundamentals have attracted institutional capital, short-term market pressures have pushed XRP down to $1.60, erasing post-election gains and breaking through key support levels.
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