XRP price keeps falling as digital tokens struggle to regain ground. What’s happening with crypto?

Core Insights - The cryptocurrency market is experiencing a significant downturn, with a focus on the risks associated with assets, an AI and tech bubble, and a 50% chance of the Federal Reserve cutting interest rates [1] Group 1: XRP Performance - XRP has fallen to $2.13 per token, marking a 26.55% decrease from three months ago, and has been trending downwards since early October [1][2] - The price of XRP previously peaked at $3.65 in July but has remained below the critical support level of $2.20 [2] - The recent launch of three XRP exchange-traded funds (ETFs) did not lead to a price rebound, with the Canary XRP ETF opening at $26.63 but subsequently dropping 10.85% [3] Group 2: Market Trends - XRP's decline mirrors the broader trend in the cryptocurrency market, including Bitcoin, which has also seen a sharp decline since early November [5] - Bitcoin's price is currently at $91,577, reflecting a 13.26% drop over six months and an 18.12% drop over the past month [6] - The selloff in the cryptocurrency market is attributed to profit-taking by long-term holders, institutional outflows, macroeconomic uncertainty, and the liquidation of leveraged long positions [6]