XRP
Why XRP is down 14.6% today
Analysis
XRP fell 14.6% over the past 24 hours as traders digested supply and sentiment signals that didn’t translate into immediate price support. U.Today noted Ripple’s February one-billion XRP escrow unlocking and the remaining escrow balance, which can heighten near-term supply focus and weigh on price action.
Contributing Factors (3)
XRP Ledger Close to All-Time Highs as XRP Price Is Barely Breathing
XRP Ledger's activity is through the roof despite the catastrophic price performance of XRP on the market.
XRP traders more optimistic as BTC, ETH mood turns sour: Santiment
Social media sentiment has turned “extremely bearish” toward Bitcoin and Ethereum this week, according to analytics platform Santiment.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.