XRP
Why XRP is down 3.6% today
Analysis
XRP fell 3.6% over the past 24 hours as derivatives positioning cooled, with reports noting XRP open interest sliding back toward 2024 levels—often a sign of reduced risk appetite and weaker short-term momentum (Bitcoinist). Sentiment may have been further pressured by operational headlines around the XRP Ledger, including Bitget’s plan to suspend RLUSD withdrawals on XRPL and commentary that XRPL activity failed to break the three-million threshold (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 Ledger Fails to Break Three Million Threshold: Will Price Be Affected?
Current outlook for the market is certainly gloomy as, despite the upcoming weekend trading session, networks are not yet catching up.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.