XRP
Why XRP is down 2.3% today
Analysis
XRP fell 2.3% over the past 24 hours as traders weighed near-term market pressure despite signs of improving on-chain supply dynamics. AMBCrypto noted XRP exchange withdrawals hit a multi-year high, suggesting selling pressure may be fading, but the market still appeared cautious.
Contributing Factors (3)
XRP exchange withdrawals hit multi-year high as selling pressure fades
At the same time the withdrawal transactions reached multi-year highs, XRP exchange inflows reached their lowest level ever.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.