XRP
Why XRP is up 1.2% in the last hour
Analysis
XRP rose about 1.2% over the past hour despite a cautious macro setup highlighted in Cointelegraph’s report warning that “new buyers” are going underwater and that price action risks echoing a 2022-style drawdown. The modest uptick likely reflects short-term dip-buying or positioning ahead of the risk factors discussed, rather than a clear bullish catalyst in the news.
Contributing Factors (1)
XRP price risks repeating 2022 crash as new buyers go underwater
XRP is below the average buy price of the past year, putting many holders in the red and increasing downside risk in the near term.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.