🚨 $XRP DUMPING DESPITE ON-CHAIN STRENGTH
$XRP just dropped to a 9-month low near $1.60, even as on-chain metrics shine. RWA TVL hit a record $235M (+11% last 30 days), and Ripple keeps expanding global licenses.
The culprit? $BTC dominance. $XRP’s correlation with Bitcoin is 0.998, meaning BTC volatility is crushing all bullish catalysts. Until Bitcoin finds stability, alt inflows stay muted and downside pressure persists.
Short-term outlook: Bearish until BTC correlation eases.