XRP
Why XRP is down 1.1% in the last hour
Analysis
XRP slipped 1.1% over the past hour as sentiment likely weakened following criticism of a proposed XRP Ledger expansion. U.Today reported that Ripple’s ex chief engineer called the new XRPL expansion plan a “really bad idea,” which may have prompted short-term caution and selling pressure among traders.
Contributing Factors (1)
Ripple's Ex Chief Engineer Slams New XRP Ledger Expansion Plan as 'Really Bad Idea'
The new XRP Ledger expansion amendment could destroy decentralization by forcing nodes to store heavy media files forever, warns Matt Hamilton.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.