XRP
Why XRP is down 13.5% today
Analysis
XRP fell about 13.5% over the past 24 hours amid a broader risk-off move in major crypto, with CoinDesk noting XRP saw the worst drop among large tokens during the period. While U.Today highlighted XRP Ledger activity near all-time highs, it also noted the token’s price was “barely breathing,” suggesting network usage didn’t translate into near-term price support.
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.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.