Why is $XRP dropping despite strong on-chain data?

XRP has slid to around $1.60, its lowest level in months, even as fundamentals improve.

RWA TVL is up 11% to a record ~$235M, and network expansion continues.

The issue isn’t XRP itself — it’s Bitcoin dominance.

With XRP showing an extremely high correlation to $BTC, broader market volatility is overpowering individual catalysts.

Until Bitcoin stabilizes, upside for many altcoins may stay limited.

Bias: Short-term caution while BTC leads.

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