XRP
Why XRP is down 20.8% today
Analysis
XRP fell about 20.8% over the past 24 hours as it led losses among major tokens, with CoinDesk noting a sharp plunge that made it the worst performer versus bitcoin and ether in the period. At the same time, ETF-flow coverage from U.Today and AMBCrypto highlighted that despite XRP Ledger activity nearing highs, XRP’s price action was “barely breathing”/stalling—suggesting strong on-chain activity wasn’t translating into near-term buying support as the selloff hit.
Contributing Factors (3)
XRP plunges 16% in worst drop among bitcoin, ether and major tokens
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.
Why XRP price stalls as ledger activity nears January 2025 peak
The market isn't quite done with the token yet.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.