XRP
Why XRP is up 7.7% today
Analysis
XRP rose 7.7% over the past 24 hours amid XRP Ledger-focused headlines that may have improved sentiment, including RippleX issuing a PSA to node validators ahead of a “crucial” protocol upgrade. Additional commentary from Ripple CTO David Schwartz reiterating that “XRP has no issuer” also circulated, potentially reinforcing narratives around XRP’s structure and decentralization.
Contributing Factors (3)
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.
RippleX Sends PSA to XRP Ledger Node Validators on Crucial Upgrade
RippleX sends crucial alert to all XRP Ledger node operators and validators.
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.