XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped 1.3% over the past hour as traders digested supply-side headlines around Ripple’s latest escrow activity. U.Today reported that Ripple’s February one-billion XRP unlocking still leaves 33.9B XRP in escrow, which can heighten near-term supply sensitivity and weigh on price.
Contributing Factors (2)
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 Ledger Gets $280 Million Market of Tokenized Diamonds, Ripple Involved Too
$280 million in certified diamonds just got tokenized on XRP Ledger as Ripple, Ctrl Alt and Billiton Diamond unite to turn physical gems into on-chain financial assets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.