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.