XRP
Why XRP is down 9.7% today
Analysis
XRP fell 9.7% over the past 24 hours amid signs of heightened distribution risk after large on-chain transfers, with U.Today reporting 702,707,023 XRP moved into unknown wallets—an activity pattern that can pressure price as traders turn cautious. While U.Today also noted XRP ETFs saw a $16.79 million fresh inflow after a prior downturn, the buying signal appears to have been outweighed by broader risk-off reactions to the large wallet movements during the same window.
Contributing Factors (3)
XRP ETFs Recover From Heavy Downturn With $16.79 Million Fresh Capital Intake
XRP ETFs have resumed their strong daily performance despite the broad crypto market weakness, signaling resilience among its institutional investors.
702,707,023 XRP Hit Unknown Wallets in 24 Hours, What's Going On?
702,707,023 XRP has been sent to unknown wallets over the last 24 hours.
Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files
Ripple was mentioned in the newly released Epstein files. The former Ripple CTO has addressed claims linking Ripple, Stellar and XRP to Epstein.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.