XRP
Why XRP is down 3.5% today
Analysis
XRP fell about 3.5% over the past 24 hours as headlines created mixed sentiment despite some supportive flow data. U.Today reported that XRP ETFs saw a $16.79M fresh capital intake after a prior downturn, but the market still traded lower amid reputational/attention risk from U.Today’s coverage of the Ripple CTO emeritus addressing XRP/XLM mentions tied to the Epstein files.
Contributing Factors (3)
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.
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.
XRPL prepares for ‘institutional DeFi’ – Will it boost XRP price?
XRP whales flashed mixed signals as the altcoin toiled below $2
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.