XRP
Why XRP is down 4.1% today
Analysis
XRP fell 4.1% over the past 24 hours as bearish sentiment grew around weakening on-chain fundamentals and a broader altcoin risk-off move. U.Today reported XRP network activity declining alongside a 75% drop in the burn rate, which can be read as softer demand/usage.
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...
Morning Crypto Report: XRP Defends 200-Week Support, Altcoin Sell-Off Hits Five-Year Highs, Arthur Hayes Shares Two Scenarios for Bitcoin Amid 'AI Financial Crisis'
Digital assets market enters midweek with mixed performance as XRP bounces off the 200-week moving average, but CryptoQuant reports five-year-high sell pressure for altcoins. As for Bitcoin, Arthur Ha...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.