Why is XRP price down today?

Quick Summary:

Ripple has “announced that the enterprise blockchain company will no longer release its XRP markets reports every quarter,” said X user Shanaka Anslem Perera, adding:“Is investor confidence going down the drain? ”Another user, Moonchaser, argued that the change is “part of a bigger strategy” to stay private, scale fast, secure infrastructure, and seize the growing Web3 market.

Source: CoinGlassRelated: Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUIXRP price sealed in a downtrendXRP price remains stuck within a descending triangle, with the multimonth downtrend line acting as the resistance and the flat line at $2.00 as support, indicating a weakening technical setup.XRP/USDT daily chart.

This move has sparked concern among investors since the reports provided transparency into XRP’s market dynamics, including sales, escrow activities, and institutional adoption trends. Some market participants question whether this shift signals reduced transparency or a strategic pivot toward institutional investors.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: BlackRock Why is XRP price down today ETF XRP price XRP whales XRP ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 13:15:39 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28439445

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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News Last Updated: 9 hours ago

Coverage Areas: United States

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