XRP Decline Continues Amid Market-Wide Weakness

The XRP cryptocurrency has experienced a significant decline in value, breaking below a key support level of $1.34. According to data from TradingView, XRP reached a low of $1.324 at the time of writing on Tuesday.

Three AI chatbots, ChatGPT, Claude, and Grok, were consulted for their analysis on the reasons behind XRP's decline. The chatbots provided similar insights, highlighting market-wide weakness as a primary factor. This weakness is attributed to the decline in Bitcoin (BTC) value, which has dropped by 3.35% during the period under review.

Technical factors also played a role in XRP's decline, including spiking realized losses and significant amounts of XRP being moved to exchanges. Additionally, high trading volume liquidations and unfavorable macroeconomic and policy drivers contributed to the observed pullback.