XRP Price Drops 3% Amid Bitcoin Pressure Despite New Ripple Regulatory Licenses

The price of XRP has declined by approximately 3% in the last 24 hours, underperforming the broader cryptocurrency market. This drop occurs despite positive regulatory developments for Ripple, which recently secured key money transmitter licenses in new jurisdictions. Market analysts attribute the downward pressure primarily to Bitcoin's (BTC) price action, which continues to exert a dominant influence on overall market sentiment. While the new licenses strengthen Ripple's operational framework and long-term regulatory standing, short-term price movements for XRP remain tightly correlated with BTC's volatility. Traders are closely monitoring whether this regulatory progress will eventually decouple XRP's price from Bitcoin's trends and provide independent bullish momentum.