XRP
Why XRP is down 2.8% today
Analysis
XRP fell 2.8% over the past 24 hours as derivatives positioning weakened, with Bitcoinist reporting XRP open interest “crashed to 2024 levels,” signaling reduced leveraged demand and risk appetite. Sentiment may have been further pressured by operational uncertainty after U.Today reported Bitget would suspend RLUSD withdrawals on the XRP Ledger, which can weigh on near-term trading activity.
Contributing Factors (3)
Bitget to Suspend RLUSD Withdrawals on XRP Ledger
Bitget will suspend RLUSD withdrawals to make room for wallet maintenance on the XRP Ledger.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.