#XRP 13% DROP RAISES CONCERNS ABOUT ALT SEASON LONGEVITY!

XRP's performance took a sharp turn as it dropped 13% in the past 24 hours, trading at $2.30 on December 5. This comes as Bitcoin (BTC) reached a historic milestone, smashing past $100,000 to a new all-time high. The dramatic divergence in performance has raised questions about whether the altseason is coming to an end. What caused this sharp XRP downturn, and what’s next for the token?Why is XRP tumbling when Bitcoin is achieving historic highs? "Liquidation spikes and a shift in market sentiment have significantly impacted XRP's momentum," noted a CoinGlass analyst. XRP has been on a correction path since December 3, losing 25% of its value after peaking at $2.90. Its market capitalization fell 8%, slipping to $133 billion and dropping below Tether (USDT). Bitcoin, meanwhile, continued its upward momentum, reaching $104,000. Despite XRP outperforming Bitcoin in November with a 354% surge, the tides turned on December 3, with XRP losing all its December gains against BTC.Liquidations added to XRP’s woes, with $12.8 million in long positions wiped out compared to $7 million in short liquidations. Futures open interest also declined from $4.3 billion, but it remains significantly higher than November's $722 million baseline.Technical indicators suggest XRP might rebound with a bull flag pattern emerging on the four-hour chart. A decisive break above $2.37 could push XRP to $4.83, potentially reversing its losses. However, the RSI has dropped significantly, signaling that a deeper correction is possible. If XRP fails to hold support at $2.05, it risks sliding further to the $1.68 level."XRP’s short-term prospects hinge on its ability to maintain key support levels amid volatile market conditions," said a crypto strategist.As of now, XRP trades at $2.30, reflecting heightened market uncertainty. With Bitcoin standing strong at $102,511, traders should watch key support and resistance levels. Stay updated with Binance News for the latest on XRP, Bitcoin, and the crypto market.