XRP’s recent decline isn’t being driven by weak fundamentals.
While price has slipped toward the $1.60 region, on-chain indicators remain strong. Real World Asset (RWA) TVL has climbed to roughly $235M, reflecting continued growth and adoption. From a project standpoint, little has deteriorated.
The challenge lies in market structure. XRP’s price remains highly correlated with Bitcoin, meaning broader BTC volatility is overshadowing individual catalysts. In these conditions, capital tends to move defensively, limiting the impact of positive developments at the altcoin level.
Until Bitcoin volatility compresses, XRP may continue to trade more as a proxy than a standalone asset.