XRP
Why XRP is up 2.1% today
Analysis
XRP rose 2.1% over the past 24 hours as sentiment improved following reports that Ripple is launching tokenized properties trading on the XRP Ledger, reinforcing XRPL’s real-world utility narrative (U.Today). Additional support may have come from comments attributed to Ripple’s CEO highlighting XRP as a top-performing major crypto, which can bolster near-term trader confidence (U.Today).
Contributing Factors (3)
Ripple Exec Reveals Launch of Tokenized Properties Trading on XRP Ledger
Senior Ripple executive has disclosed the launch of controlled secondary market trading for tokenized real estate on the XRP Ledger in Dubai.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.