$XRP Looks Bullish on Paper — So Why Is It Still Dumping?
Let’s be honest: holding $XRP right now is frustrating.
On-chain data looks perfect.
RWA TVL just hit a record $235M (+11%).
Institutional licensing keeps expanding.
Yet price just printed a 9-month low near $1.60.
Here’s the uncomfortable truth:
None of that matters right now.
$XRP isn’t trading its fundamentals.
It’s trading Bitcoin’s volatility.
With a 0.998 correlation to $BTC, XRP has become a passenger. Every BTC shakeout drags it lower. Every bullish catalyst gets ignored.
Until Bitcoin stabilizes, alts stay suppressed — no matter how strong the data looks.
Real question:
Do fundamentals even matter in this market… or does only Bitcoin decide?
Verdict: Short-term bearish, until BTC calms down.
#XRP #Bitcoin #CryptoMarket #OnChainData #MarketStructure