$XRP

Why failed?

XRP's price hasn't seen a significant bullish rally despite RLUSD approval due to market volatility, profit-taking, and cautious investor sentiment. While RLUSD approval by NY regulators is a positive development, broader concerns about XRP's utility and Ripple's control over supply remain.

After an initial 7% jump, XRP corrected from highs around $2.90 to $2.57. External factors like global market conditions and competition with other stablecoins also influence its performance. The cryptocurrency's outlook depends on sustained adoption and regulatory clarity