XRP
Why XRP is down 1.4% in the last hour
Analysis
XRP slipped 1.4% over the past hour as traders reacted to a large whale transfer of nearly $120 million worth of XRP to Coinbase, which can raise near-term sell-side concerns and pressure spot prices. Separately, signs of weakening derivatives participation—highlighted by a reported 96% plunge in six-month open interest—likely added to the bearish tone and reduced risk appetite around XRP.
Contributing Factors (2)
Nearly $120 million of XRP just moved to Coinbase in whale transaction
XRP is flat over the past 24 hours, but down more than 60% from its summer 2025 peak.
XRP Six-Month OI Plunges 96% as Derivatives Market Struggles
XRP derivatives market fails to show any major recovery since October 2025 amid the prolonged market downturn seen over the past six months.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.