XRP
Why XRP is down 3.2% today
Analysis
XRP fell 3.2% over the past 24 hours as traders appeared to treat the XRP Ledger core update—removing “Ripple” naming from parts of the codebase—as a near-term uncertainty rather than an immediate catalyst, prompting some risk-off positioning. U.Today also highlighted that whale holdings have climbed to 74%, which can coincide with reduced spot liquidity and choppier downside moves when broader sentiment softens.
Contributing Factors (3)
Ripple CTO Emeritus Schwartz Backs Major XRP Ledger Upgrade, Dropping Ripple Name From Code
As XRP Ledger formally erases the Ripple name, CTO Emeritus Schwartz migrates own hub.
XRP Ledger Drops Ripple Name in Core Update as Whale Accumulation Hits 74%
XRPL dumps the "Ripple daemon" name to clear regulatory hurdles as on-chain whales hoard 74% of the supply.
Sam Altman ChatGPT Predicts Explosive XRP Price by End of 2030
Sam Altman ChatGPT Predicts Explosive XRP Price by End of 2030 The post Sam Altman ChatGPT Predicts Explosive XRP Price by End of 2030 appeared first on Cryptonews.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.