XRP
Why XRP is down 2.7% today
Analysis
XRP fell 2.7% over the past 24 hours as traders reacted to signs of weakening on-chain fundamentals, with reports noting a decline in XRP network activity alongside a 75% drop in the burn rate (U.Today). Sentiment was further pressured by a bearish outlook after a Wall Street firm reportedly cut its XRP target by 65%, warning of a potential “long winter” (CoinGape).
Contributing Factors (3)
XRP Network Activity Declines as Burn Rate Falls 75%
Amount of XRP burned as fees continues to decline as network activities slow down amid the prolonged volatility seen across the broad crypto market.
Wall Street Giant Signals XRP Price ‘Long Winter’ After Cutting Target By 65%
Wall Street banking giant Standard Chartered has signaled that the current XRP price crash could get worse. The bank slashed its target by as much as 65% in 2026 as the market dip worsens. Standard Ch...
XRP Forming Gravestone Doji Pattern, Bearish Sign?
Gravestone doji candlestick pattern spotted on XRP charts, with potential implications for its price trend.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.