XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped ~1.3% over the past hour as sentiment likely softened following reports that XRP ETF demand “cratered,” with weekly inflows down 94%+, reducing near-term buy pressure (CryptoPotato). While CoinDesk noted an XRP treasury SPAC surged nearly 300% ahead of an Evernorth merger, that equity-specific rally didn’t translate into immediate support for XRP’s spot price.
Contributing Factors (3)
An XRP treasury SPAC surges nearly 300% ahead of Evernorth merger
Armada Acquisition Corp. II rose about 270% last week, leaving the thinly traded shell at nearly four times its roughly $10.50 trust value before merging with Evernorth, an XPR treasury company.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.