XRP
Why XRP is up 2.1% in the last hour
Analysis
XRP rose 2.1% over the past hour amid renewed attention on XRP’s market positioning and narrative. U.Today highlighted shifting derivatives/flow dynamics in a piece comparing activity across Shiba Inu, Bitcoin, and XRP, which may have helped keep XRP in focus during the move.
Contributing Factors (2)
Shiba Inu Open Interest Surges Against Bitcoin and XRP
Shiba Inu moves against broad futures market trend that saw Bitcoin, XRP and other leading cryptocurrencies record notable declines in open interest.
Ripple's Schwartz: XRP Has No Issuer
Ripple CTO Emeritus David Schwartz has clarified that native XRP remains immutable and beyond the reach of any central authority.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.