Even Memecoins Are Rising... Why Can't XRP Rise Alone?

▲ XRP/ChatGPT generated image

As XRP fails to keep pace with high-risk assets like Dogecoin (DOGE) and Shiba Inu (SHIB), capital flows within the cryptocurrency market are increasingly leaning towards rapid volatility and short-term upside potential.

According to the cryptocurrency media outlet U.Today on May 6 (local time), XRP is struggling to follow the overall cryptocurrency market trend. While memecoins continue to attract investor interest and liquidity, XRP remains stuck in a slow and uncertain phase. This weakness is also evident in its chart movements.

XRP has been stuck in a downtrend for several months, trading below key moving averages and failing to reclaim higher price levels. Recent price action shows a narrow consolidation near the $1.30-$1.40 range, forming a structure with both horizontal support and a downward resistance line. This structure suggests price compression, but neither an upward nor a downward breakout has yet been confirmed.

The most prominent issue is a lack of momentum. Unlike Dogecoin and Shiba Inu, which have seen a sharp increase in activity and an influx of speculative capital, XRP has failed to generate the same level of interest. In the current market environment, capital is shifting towards assets with higher volatility and faster upward potential. XRP's nature, focused on payment infrastructure and long-term adoption, does not seem to align with the short-term market narrative.

This gap highlights a larger problem facing XRP. While XRP is considered a relatively mature asset in the market, linked to payment infrastructure and long-term utility, its current price action does not reflect strong demand. Traders are opting for faster-moving opportunities, and as a result, XRP is lagging behind other assets.

Structural burdens also remain. The downward resistance trendline has continued to push prices down with each attempt to rebound, and until this level is breached, XRP will remain in a defensive position. Trading volume has also not expanded significantly, increasing uncertainty. U.Today reported that while XRP is not currently collapsing, it is not showing enough speed and volatility in a market that chases these two factors.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*