Crypto Market Under Pressure: XRP Faces Scrutiny Amidst US Economic Data and Uncertainty

A combination of negative economic data in the U.S., including a rise in PCE prices and declining consumer confidence, has shaken the cryptocurrency market. Bitcoin and Ethereum saw significant declines this week, with Ethereum dropping below $4,285 and Bitcoin falling to $108,498, prompting warnings for XRP from prominent analysts. Expert concerns remain high as the token grapples with a weakening market and potentially lagging behind competitors if conditions worsen.