XRP
Why XRP is down 2.0% today
Analysis
XRP fell about 2% over the past 24 hours as sentiment cooled after a recent rebound, with CoinDesk noting that XRP had been “outrunning” bitcoin and ether following investors buying into the crash—often a setup for short-term profit-taking. At the same time, CryptoPotato’s weekly look at XRP ETF flows questioned whether demand has faded, which may have added pressure if traders interpreted flows as weakening.
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.