XRP
Why XRP is down 1.3% in the last hour
Analysis
XRP slipped 1.3% over the past hour as traders likely took profits after the recent rebound narrative highlighted by CoinDesk, which noted investors “piled into the recent crash” and XRP had been outperforming BTC and ETH. At the same time, a CryptoPotato review questioning whether XRP ETF demand has faded may have added near-term caution and contributed to the pullback.
Contributing Factors (3)
XRP is outrunning bitcoin and ether after investors piled into the recent crash
XRP is outperforming bitcoin and ether following signs of dip buying during recent crash.
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XRP ETFs Weekly Review: Has the Demand Disappeared?
Here's what happened to the Ripple ETFs in the past week.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.