币界网报道：XRP/BTC trading pairs have plunged to a seven-month low, dropping below 0.000008 BTC, while XRP/USD simultaneously hit a three-year low at approximately $0.47. The downturn follows a broader crypto market slump, with Bitcoin itself struggling to hold the $40,000 support level. Analysts attribute XRP’s underperformance to prolonged regulatory uncertainty surrounding Ripple’s legal battle with the SEC, dampening investor confidence despite the token’s utility in cross-border payments. Meanwhile, Bitcoin dominance has climbed above 53%, reflecting a flight to relative safety amid altcoin weakness. Market observers note that XRP’s correlation with Bitcoin has weakened significantly during this decline, suggesting unique selling pressure on the Ripple-affiliated asset. Technical indicators show oversold conditions for XRP, but traders remain cautious given the absence of bullish catalysts. The SEC case remains pivotal, with any favorable resolution potentially triggering a sharp rebound. Derivatives data reveals shrinking open interest in XRP futures, signaling reduced speculative activity. Some long-term holders view current levels as accumulation opportunities, though sentiment metrics indicate persistent fear dominates the XRP market. The asset’s next critical support sits at $0.42, a level last tested in early 2021.