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TLDR
XRP is down 1.61% to $1.41 in 24h, underperforming a Bitcoin market that rose 1.22%, primarily driven by altcoin underperformance in a risk-averse, Bitcoin-dominant market.
Primary reason: Negative beta to Bitcoin as capital remains defensive, with Bitcoin dominance at 58.3% and extreme fear sentiment (index 11) suppressing altcoin appetite.
Secondary reasons: No clear coin-specific catalyst was visible in the provided data; the move looks more consistent with broader altcoin weakness.
Near-term market outlook: If XRP holds above the $1.40 support, it could consolidate; a break below risks a retest of the 30-day low near $1.05. Watch for a shift in Bitcoin dominance to signal altcoin relief. #WhenisBestTimetoEntertheMarket $XRP