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XRP News Today: XRP Dips Amid $300M Ripple Stablecoin Shock and Unusual Whale Imbalance

  • XRP experienced a 5% dip to $2.34 on May 24, performing less than BTC and ETH.
  • Competition in stablecoins affected XRP; RLUSD faces challenge from Wall Street native stablecoin plans.
  • Whale liquidations surged on May 23, showing an imbalance in XRP market activity.
  • XRP futures open interest dropped while options activity increased, indicating market volatility.
  • XRP struggled as Bitcoin rallied to a new high, draining attention from altcoins like XRP.
  • XRP was valued around $2.34, down 4.44% in the last 24 hours.
  • Technical indicators for XRP show mixed signals with a bearish bias prevailing.
  • Analysts eye $2.08–$2.10 as key support for XRP, with potential for further correction.
  • Ripple faces challenges from the unresolved XRP lawsuit with the SEC and regulatory ambiguity.
  • Amidst infrastructure developments and threats, XRP's future relies on bullish momentum or regulatory clarity.

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