XRP is facing pressure from Bitcoin in the crypto market, with fund inflows impacting its development.
Years of Established Trends
Currently, XRP is under pressure from multiple fronts.
The influx of funds into Bitcoin ETFs has helped Bitcoin maintain its leading position. The significant capital inflow into Bitcoin funds may lead to liquidity being withdrawn from altcoins, which means that assets like XRP could face difficulties when demand from crypto market traders for alternatives to Bitcoin is insufficient.