XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped 1.3% over the past hour as sentiment stayed pressured by reports of weakening on-chain momentum, with XRP network activity declining alongside a 75% drop in the burn rate, per U.Today. Additional downside pressure likely came from negative outlook commentary highlighted by CoinGape, which reported a Wall Street firm cutting its XRP target by 65% and warning of a “long winter.” U.Today also noted $117 million in XRP being moved during a prolonged price drop, which can reinforce near-term caution among traders.
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.
$117 Million in XRP Moved Amid Prolonged Price Drop
XRP sees over $117 million worth of its tokens moved within wallets, sparking speculation about what whales could be up to amid the market downtrend.
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...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.