XRP
Why XRP is down 1.4% in the last hour
Analysis
XRP slipped 1.4% over the past hour as traders continued to digest broader bearish momentum following a sharp selloff highlighted by CoinDesk, which reported XRP recently suffered the worst drop among major tokens. U.Today also noted that despite XRP Ledger activity nearing all-time highs, the XRP price has been “barely breathing,” suggesting network metrics haven’t translated into near-term buying support.
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 plunges 16% in worst drop among bitcoin, ether and major tokens
'Be Greedy': Ripple CEO Reacts to XRP Price Crash
Ripple CEO Brad Garlinghouse turns to the 'Oracle of Omaha' to display his confidence in XRP.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.