XRP
Why XRP is down 3.9% today
Analysis
XRP fell 3.9% over the past 24 hours as traders appeared to fade the recent post-crash bounce that had seen it outperform bitcoin and ether, leading to near-term profit-taking and a pullback in relative strength. At the same time, questions about whether demand for XRP investment products is cooling may have weighed on sentiment, as CryptoPotato flagged softer-looking ETF flow dynamics in its weekly review.
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.
XRP Price Surges as Ripple CEO Takes Role Influencing Crypto Regulation
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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.