XRP
Why XRP is down 3.4% today
Analysis
XRP fell 3.4% over the past 24 hours as softer on-chain signals weighed on sentiment, with U.Today reporting declining XRP network activity alongside a 75% drop in the burn rate. The move also aligns with broader risk-off pressure across altcoins, as U.Today noted an “altcoin sell-off” hitting five-year highs, which likely dragged XRP lower despite it holding key long-term support.
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.
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...
XRP Ledger Update: UNL Expands With Trusted New Validator Added
XRP Ledger welcomes fresh updates with new validator and feature added.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.