XRP
Why XRP is down 5.2% today
Analysis
XRP fell 5.2% over the past 24 hours as traders appeared to react to large on-chain transfers, with U.Today reporting that 702,707,023 XRP moved into unknown wallets—often a catalyst for short-term sell-pressure concerns. While U.Today also noted XRP ETFs “recovering” with $16.79 million in fresh inflows, that positive signal wasn’t enough to offset the market’s cautious tone around the sudden whale-sized movements.
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.
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.
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.