XRP
Why XRP is up 1.4% in the last hour
Analysis
XRP rose 1.4% over the last hour as trading activity picked up following reports that XRP volume surged 212% on a Singapore exchange amid growing institutional appetite, which likely supported near-term buying pressure. The move came despite mixed derivatives signals, with Bitcoinist noting XRP open interest has fallen back toward 2024 levels, suggesting leverage participation remains subdued rather than driving the rally.
Contributing Factors (3)
XRP Volume Rises 212% on Singapore Exchange as Institutional Appetite Grows
212% increase was seen in XRP spot purchase volumes, outpacing the sell side by over two times.
Bitget to Suspend RLUSD Withdrawals on XRP Ledger
Bitget will suspend RLUSD withdrawals to make room for wallet maintenance on the XRP Ledger.
Dogecoin And XRP Open Interest Crash To 2024 Levels, Here Are The Figures
Open interest in the derivatives markets for Dogecoin and XRP has fallen back to levels last seen in 2024, according to data from Coinglass. Slower capital inflows into the broader crypto market and e...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.