XRP recently enjoyed a remarkable 335% increase in its value within a month, reaching a peak of $2.85 on December 3. However, due to the rising dominance of Bitcoin in the market, XRP has already experienced an 18% decline from its yearly high.
Crypto expert Pav Hundal has expressed concerns that the continued rise in Bitcoin's dominance could further impact XRP negatively, potentially leading to a substantial price drop, possibly to $2.
This situation underscores the impact of Bitcoin's market influence on other cryptocurrencies like XRP and highlights the challenges XRP bulls may face in the near future.
