XRP's short-term outlook appears negative due to two main factors: the CME's refusal to list XRP futures, indicating low institutional demand outside of Bitcoin and Ethereum, and indications of rally fatigue. Following a rise to $3.4 earlier this month fueled by optimism about Ripple's prospects under Donald Trump, the CME's denial to list futures tied to XRP and Solana signals that institutions are hesitant to invest in these altcoins amid potential regulatory issues. Additionally, technical analysis reveals weakening bullish momentum; the Mayer Multiple and MACD histogram suggest declining price strength. Currently, XRP is priced at $3.05, having dropped 4% in the last 24 hours, and while general volatility persists in altcoins like XRP, a rally in Bitcoin could offset bearish signals. The outlook remains uncertain as market dynamics change rapidly.

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