XRP
Why XRP is down 2.8% today
Analysis
XRP fell 2.8% over the past 24 hours amid reports of a sudden, large sell-off—about $70 million dumped within seconds—adding to near-term selling pressure and making it harder for price to rebound, according to U.Today. Broader concerns that XRP continues to lag despite Ripple’s banking-focused progress also weighed on sentiment, as highlighted by AMBCrypto.
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.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.