XRP
Why XRP is up 1.4% in the last hour
Analysis
XRP rose 1.4% over the past hour as traders reacted to signs of stronger institutional activity, after U.Today reported a 212% jump in XRP trading volume on a Singapore exchange tied to growing institutional appetite. The move came despite some offsetting operational headlines, including U.Today noting Bitget would suspend RLUSD withdrawals on the XRP Ledger due to an exchange outage, which may have limited upside but didn’t prevent a net gain.
Contributing Factors (2)
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.