XRP
Why XRP is down 1.4% in the last hour
Analysis
XRP slipped 1.4% over the past hour as derivatives positioning weakened, with reports that XRP open interest has crashed back to 2024 levels, signaling reduced leverage and risk appetite (Bitcoinist). Sentiment may also have been pressured by operational concerns after Bitget said it will suspend RLUSD withdrawals on the XRP Ledger, which can create short-term caution around XRP-ledger activity (U.Today).
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.