BEARISH 📉 : XRP Struggles Below 200-Day Average, Down 40% This Year

XRP Market Update

XRP is currently trading near $1.88, 25% below its 200-day moving average of $2.54.
The cryptocurrency's price has dropped by approximately 40% over the past year, losing $66 billion in market capitalization.
Analysts identify a corrective structure, with no confirmed uptrend expected soon.
XRP’s 30-day Sharpe Ratio is at 0.034, indicating minimal returns relative to risk during this consolidation phase.
A breakout above the $2.50-$2.55 range is needed to confirm an upward trend.
Critical support zone: $1.80-$1.85; failure to maintain this level could result in further bearish momentum.

XRP 30-day Sharpe Ratio. | Source: CryptoQuant

XRP Utility and Expansion

Black Swan Capitalist founder Versan Aljarrah emphasizes XRP's role in global settlement, criticizing hype-driven speculation.
RippleX is expanding network usage and infrastructure, strengthening XRP as a neutral settlement layer.
RLUSD, Ripple's stablecoin, has a market cap of approximately $1.33 billion.

Bitcoin Hyper Project Highlights

Bitcoin Hyper (HYPER) integrates Solana technology with Bitcoin for a high-performance Layer 2 framework.
Enhancements include speed, reduced transaction costs, and smart contract functionality while maintaining Bitcoin's security.
Current token price: $0.013655.
Funds raised: $31 million.
Staking APY: 38%.