XRP Sees 4.24% Price Drop Amid $3.87B Volume Surge and Major Institutional Investments

XRP is currently trading at $2.1830 on Binance, with a 24-hour opening price of $2.2796, reflecting a 4.24% decline over the past day; trading volume surged to $3.87 billion and market capitalization stands at approximately $132.94 billion, with price volatility between $2.16 and $2.31. The recent price drop is primarily attributed to global economic uncertainty following a U.S. court ruling overturning trade tariffs, which impacted both crypto and traditional markets, while additional factors such as ongoing legal developments, ETF speculation, and significant institutional investments—including VivoPower’s $121 million XRP treasury allocation and Webus International’s planned $300 million XRP reserve—continue to drive market sentiment and trading activity.