XRP
Why XRP is up 1.4% in the last hour
Analysis
XRP rose 1.4% over the past hour amid a burst of positive narrative after Ripple CEO Brad Garlinghouse highlighted XRP as the “best performing” major crypto, which likely supported near-term sentiment (U.Today). Traders also digested mixed ETF headlines—despite reports that XRP ETFs recorded their fifth daily outflow since launch, the market still ticked higher, suggesting the CEO commentary and broader momentum outweighed the outflow note in the very short term (U.Today).
Contributing Factors (3)
Ripple CEO: XRP Is 'Best Performing' Major Crypto
Ripple CEO Brad Garlinghouse has lauded XRP as the "best performing" major digital asset during the current market correction.
XRP ETFs Log Fifth Daily Outflow Since Launch
XRP ETFs continue to record little-to-no capital intake since the crypto market began to see steady price downturns, suggesting that institutional investors are relenting.
Important Coinbase Announcement Concerning XRP, ADA, and Other Altcoin Investors
"Borrowing up to $100K in USDC against your tokens, instantly, without selling," the announcement reads.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.