XRP Dips 5.39% Amid Nasdaq ETF Launch, $14.9M Liquidations, and Surging Futures Activity

XRP is currently trading at $2.3323 with a 24-hour volume of approximately $4.28 billion, reflecting a 5.39% price decline from the previous day’s open of $2.4651. The recent price decrease is primarily attributed to heightened market volatility following the launch of two XRP futures ETFs (XRPI and XRPT) on Nasdaq, increased open interest in XRP futures, and significant liquidations totaling $14.9 million in the derivatives market. Despite bullish sentiment driven by institutional product launches, a surge in active addresses, and new stablecoin integrations on the XRP Ledger, short-term selling pressure and profit-taking after recent gains have contributed to the current price retracement.