In brief
- XRP continues to underperform the rest of the crypto market.
- The price of XRP is still stuck in a formation traders call a death cross, a classic bearish indicator.
- Besides the macro headwinds, for the Ripple-linked token, it may just come down to a lack of Clarity.
It was a quiet, red-tinged day across crypto, and XRP spent it near the bottom of the pile.
While the market as a whole has been in a flat, choppy state for the last several weeks, it’s XRP—the cryptocurrency created by the founders of payments company Ripple—that continues to underperform: rising less when others are gaining, and falling harder when others drop.
The reason could be the market current lack of clarity—or, rather, the delay of the…
