BEARISH 📉 : XRP price drops 4% due to regulatory uncertainty and macro pressures

XRP's price has decreased by approximately 4.5% this week, trading below $1.40, influenced by macroeconomic factors and regulatory uncertainties.

Market data shows XRP's market capitalization around $85 billion amidst ongoing crypto market volatility.
Technical analysis indicates XRP has returned to a key support level in its long-term price channel, which previously led to upward trends.
XRP is currently below key moving averages with few bullish signals, reflecting short-term pressure.
Institutional interest in XRP ETFs has diminished, with derivatives markets showing bearish sentiment through a negative weighted funding rate.

XRP Regulatory and Market Conditions

Regulatory uncertainty continues to affect XRP’s performance, with unclear policies on stablecoins and digital asset oversight.
Investor Mark Yusko suggests potential regulatory changes might benefit XRP as an alternative asset for payments and reserves.
Analysts are monitoring technical patterns for potential strength if market sentiment improves.
Current price levels are seen as critical for positioning in case of a breakout due to regulatory clarity or improved macro conditions.

The short-term outlook for XRP remains uncertain, but technical signals and potential policy shifts could lead to significant market movements.