XRP has experienced a significant price decline of 18% after reaching its yearly high of $2.85, with concerns rising about Bitcoin dominance in the market. If Bitcoin dominance continues to increase, XRP could drop to $2, potentially leading to a sell-off and liquidations. The delay in Ripple's RLUSD stablecoin launch has also caused concerns among investors, resulting in XRP losing its position as the third-largest cryptocurrency by market cap. XRP is currently trading at $2.37, with potential further declines if the bearish trend continues. However, if it breaks through the $2.50 resistance, there is potential for a rise to $2.70 or even $3.00.



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