XRP
Why XRP is down 1.1% in the last hour
Analysis
XRP slipped 1.1% over the past hour as traders reacted to renewed regulatory overhang headlines after Ripple’s CEO said the company once considered shutting down and distributing XRP to shareholders during the SEC lawsuit period. That disclosure, reported by CoinDesk and echoed by BeInCrypto, likely weighed on near-term sentiment and prompted a modest pullback.
Contributing Factors (3)
Ripple Considered Shutting Down After the XRP Lawsuit, CEO Reveals
Ripple came close to shutting down rather than fighting the SEC, CEO Brad Garlinghouse revealed. He described the decision he and co-founder Chris Larsen faced after the agency sued the company in 202...
Ripple once weighed shutting down and handing XRP to shareholders, CEO says
Ripple's Brad Garlinghouse says he and co-founder Chris Larsen considered winding the company down and handing its XRP to shareholders before deciding to fight the 2020 lawsuit.
XRP Payments Hit Near-Zero Levels: Should You Expect Recovery in 24 Hours?
XRP Ledger's network payments are rapidly descending and the recovery potential isn't clear.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.