XRP
Why XRP is down 2.5% today
Analysis
XRP fell about 2.5% over the past 24 hours as traders reacted to bearish technical commentary warning that the price “risks repeating” a 2022-style drop, with newer buyers reportedly slipping underwater—often a setup that increases sell pressure (Cointelegraph). Sentiment was also pressured by supply-focused headlines after Ripple’s February one-billion XRP unlock, highlighting that 33.9B XRP remains in escrow and keeping attention on potential circulating-supply dynamics (U.Today).
Contributing Factors (3)
XRP Bold Claim: Pundit Sparks Controversy With Call To Sell All Bitcoin And Buy The Altcoin
The debate regarding XRP and Bitcoin across the space has intensified after recent findings that disclose that the altcoin could rival BTC and its impact on the crypto and financial sector. Bitcoin ma...
33,895,428,762 XRP Left in Escrow After Ripple's February One-Billion Unlocking
33,895,428,762 XRP remain in escrow following February distribution.
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
High confidence in the explanation based on source reliability and timing.