XRP has plummeted 13% over the past 24 hours, trading at $2.30 on December 5, in stark contrast to Bitcoin, which recently surpassed the $100,000 mark. This decline, which began on December 3, has erased all December gains of XRP, previously reaching $2.90. Despite XRP's impressive growth of approximately 354% from November 1 to December 5, it has been under pressure, losing its market cap to $133 billion. The XRP/BTC ratio has dropped significantly, and over $12.79 million in long positions were liquidated on December 5, increasing downward price pressure. Technically, a bull flag pattern suggests potential upside for XRP if it decisively closes above $2.37, targeting $4.83. However, the RSI indicates a retreat could see XRP testing lower support levels around $2.05 and $1.68 if the trend continues.

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