Despite weekly optimism, XRP has dropped below the $3 mark again, frustrating its community as the token falls behind broader market trends. Currently, it is trading near $2.90, down more than 4% in the past 24 hours, with a market cap of around $173 billion.

Despite a historic U.S. spot XRP ETF launch and Ripple’s strengthened ties with Spain’s BBVA bank, the token has failed to sustain upward momentum.

Analysts now argue that XRP’s sluggish performance can no longer be blamed on the U.S. Securities and Exchange Commission (SEC) lawsuit, which has long been cited as a key obstacle to growth. With that case resolved, attention has shifted to deeper market dynamics.

Profit-Taking, Liquidations, and Market Sentiment

XRP’s ETF debut generated record $37 million in day-one trading volume,

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