XRP
Why XRP is down 1.4% in the last hour
Analysis
XRP slipped 1.4% over the past hour as attention in the ETF narrative shifted away from XRP, with reports highlighting Solana overtaking XRP by about $20 million in upside on the ETF market, which may have weighed on near-term sentiment. While Gemini enabling XRP deposits/withdrawals via XRPL in Singapore is a constructive adoption headline, it didn’t appear to offset the immediate impact of ETF-flow-focused positioning.
Contributing Factors (3)
Important Ripple News and XRP Price Update: August 25
From record-setting ETF inflows to major XRP price breakout. Here's the latest in the broader Ripple ecosystem.
Solana (SOL) Overtakes XRP With $20 Million Upside on ETF Market
Current tendencies on the market aren't that easy to explain, especially when smaller ETF overtakes giants.
Gemini Enables XRP Deposits and Withdrawals Via XRPL in Singapore
Gemini is expanding its XRP support in Singapore, allowing local users to deposit and withdraw the cryptocurrency directly over the XRP Ledger (XRPL).
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.