XRP
Why XRP is up 2.2% in the last hour
Analysis
XRP rose 2.2% over the past hour as traders reacted to signs of stronger on-chain activity, with U.Today reporting that XRPL payments spiked 200% even amid a broader market downturn. At the same time, U.Today noted that the headline-grabbing “-8,423.43%” change in XRP futures flows was “literally nothing,” which may have reduced concern about derivatives-driven selling pressure.
Contributing Factors (3)
XRPL Payments Spike 200% Despite XRP's Market Downturn
XRP Ledger sees some serious price growth, but at the same time, the asset's market performance is not even remotely positive.
-8,423.43% in XRP Futures Flow Is Literally Nothing
XRP's market performance fits its state on the futures market when chaos is the main driver of massive swings.
Researcher Slams XRP as Centralized
Crypto researcher Justin Bons has criticized the XRPL and other major networks as centralized..
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.