XRP
Why XRP is down 6.3% today
Analysis
XRP fell 6.3% over the past 24 hours as traders reacted to supply-side and regulatory overhang headlines, particularly Ripple’s February one-billion XRP unlock and the note that 33,895,428,762 XRP remain in escrow, which can raise near-term distribution concerns. While there were also constructive ecosystem updates—such as the XRP Ledger’s involvement in a $280 million tokenized diamonds market and a key XRPL upgrade activation—these developments didn’t offset the market’s focus on potential supply dynamics and uncertainty.
Contributing Factors (3)
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.
Ripple Awaits Final Piece of Puzzle as Key Upgrade Activates on XRP Ledger
Last XRP DEX compliance puzzle piece now awaited as upgrade activates.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.