XRP
Why XRP is up 1.5% in the last hour
Analysis
XRP rose about 1.5% over the last hour as traders reacted to near-term XRP Ledger catalysts, including CoinDesk’s report that an amendment aimed at deleting NFT “junk” and patching key bugs is set to go live tomorrow. Sentiment also appeared supported by U.Today noting increased XRP Ledger network activity alongside $275 million added to RLUSD, reinforcing a narrative of growing on-chain usage.
Contributing Factors (3)
XRP Ledger to delete NFT junk and patch key bugs takes in new upgrade
The XRP Ledger is rolling out the fixCleanup3_1_3 upgrade on Wednesday, to clean up expired NFTs.
$275 Million Added to RLUSD as XRP Ledger Network Activity Rises
Ripple USD stablecoin (RLUSD) expands with $275 million liquidity boost.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.