XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped 1.3% over the past hour as traders reacted to signs of weakening on-chain demand, with U.Today reporting a decline in XRP network activity alongside a 75% drop in the burn rate. Sentiment was also pressured by a bearish regulatory/market outlook highlighted by CoinGape, noting a Wall Street firm cut its XRP target by 65% and warned of a “long winter,” which can weigh on near-term positioning despite U.Today also pointing to sizable holdings in Franklin Templeton’s XRP ETF.
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...
Franklin Templeton's XRP ETF Holds Over 118 Million Tokens
Franklin Templeton has emerged as the premier traditional heavyweight in the XRP race.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.