XRP
Why XRP is down 3.4% today
Analysis
XRP fell about 3.4% over the past 24 hours as selling pressure hit the market, highlighted by a rapid ~$70 million sell-off that briefly overwhelmed bids and left price struggling to recover, per U.Today. AMBCrypto also pointed to ongoing regulatory overhang and weak market conviction as factors weighing on XRP’s performance.
Contributing Factors (3)
XRP Sees $70 Million Sell-Off in Seconds as Price Struggles to Recover
XRP continues to plunge as large token offloads continue to fuel selling pressure. The asset saw over $70 million worth of its token dumped on Bybit.
Ripple may be building for banks, but XRP still down 20% – Why?
Custody upgrades and stablecoin clarity are yet to move the price.
XRP Volume Crashes 63% Despite Price Rise, What's Going On?
XRP showing mixed signals on the market as volume drops 63%.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.