XRP
Why XRP is down 3.5% today
Analysis
XRP fell 3.5% over the past 24 hours amid signs of continued distribution and weak sentiment, with reports pointing to fading ETF-related demand as the broader weekly downtrend persists. U.Today noted XRP saw its largest on-chain realized loss spike since 2022, consistent with holders selling at a loss and adding short-term downside pressure.
Contributing Factors (3)
XRP: Panic selling ends as institutions absorb supply: Is recovery next?
Capitulation deepens across XRP markets, but declining sell pressure and structural maturation revive rebound potential.
XRP Records Largest On-Chain Realized Loss Spike Since 2022
XRP has just recorded its largest on-chain realized loss spike since 2022.
Ripple ETF Demand Is Gone as XRP Price Tumbles 11% Weekly
It has been over three months since the first XRP ETF launched, but the demand seems to have evaporated.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.