XRP’s price has recently struggled after encountering local resistance, leading to a notable retracement. While market sentiment remains cautiously optimistic, XRP faces challenges, including limited buy pressure, which has hindered any significant upward momentum.

Finance expert Rajat Soni criticized XRP, calling it a “slave coin” due to its association with centralized institutions. He warned that if XRP were banned in the U.S., its value could plummet. Meanwhile, XRP supporters argue that Ripple could shape the future of finance despite Bitcoin's rising fees.

Technically, XRP shows a bearish structure, with the price testing key support levels. If XRP breaks below $0.533, a bearish move could extend to $0.478. U.S. CPI data and other macroeconomic factors may further influence XRP’s trajectory in the coming days.