XRP
Why XRP is down 3.4% today
Analysis
XRP fell 3.4% over the past 24 hours as derivatives positioning weakened, with XRP open interest reportedly dropping back to 2024 levels—often a sign of reduced risk appetite and forced de-leveraging (Bitcoinist). Separately, Bitget’s decision to suspend RLUSD withdrawals on the XRP Ledger due to an exchange outage may have added short-term uncertainty and dampened sentiment around XRPL-related activity (U.Today).
Contributing Factors (3)
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...
Bitget to Suspend RLUSD Withdrawals on XRP Ledger
Bitget will suspend RLUSD withdrawals to make room for wallet maintenance on the XRP Ledger.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.