XRP Sees 3.78% Pullback After Futures ETF Debut on Nasdaq Amid Surging Trading Volume

XRP is currently trading at $2.3499 with a 24-hour volume of approximately $3.52 billion, ranking as the 7th largest cryptocurrency by market capitalization; over the last 24 hours, the price declined by 3.78% from a 24-hour open of $2.4421. The recent price decrease can be attributed to profit-taking following a strong rally earlier in May, despite positive developments such as the launch of the first XRP futures ETF on Nasdaq, ongoing anticipation around spot ETF approvals, and increased futures open interest. While regulatory clarity and new product launches have improved sentiment and driven recent gains, the current pullback reflects short-term market consolidation amid heightened trading activity and volatility.