XRP
Why XRP is down 1.4% in the last hour
Analysis
XRP slipped about 1.4% over the last hour as broader market deleveraging weighed on risk assets, with long positions getting hit amid $358 million in combined crypto liquidations, pressuring XRP alongside the rest of the market. Additional softness may have come from a relatively calm BTC backdrop around $66K, which can reduce follow-through buying in majors and leave XRP more sensitive to short-term selling pressure.
Contributing Factors (2)
XRP Long Traders in Loss Amid $358 Million in Combined Crypto Liquidations
XRP roped in harsh liquidations as crypto market extends daily losses to $358 million.
XRP and BNB Battle for 4th Spot, BTC Price Calms at $66K: Market Watch
Binance Coin took the lead today by surpassing its XRP rival.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.