XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped 1.3% over the past hour as broader bearish momentum appeared to take control, with technical/flow commentary noting “bears take upper hand” across majors including XRP. The move also aligns with reports that market maker Wintermute has been building heavy short positions, contributing to a risk-off tone that pressured BTC, ETH, and XRP together.
Contributing Factors (3)
XRP, Shiba Inu (SHIB), Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis For August 24: Bears Take Upper Hand
The market is in the state where bulls and bears trying to establish the control over momentum.
Ripple ETFs See Best Week Since May as XRP Exploded to 7-Month High
Unlike the BTC and ETH ETF inflows, Friday was actually the best day for the XRP ETFs.
BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
Nearly $100 million in longs were wrecked in the past hour.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.