XRP Faces 2% Dip Amid SEC Uncertainty, ETF Hopes, and Surging Institutional Activity

XRP is currently trading at $2.1389 with a 24-hour decline of 2.03%, a market capitalization of $125.51 billion, and a 24-hour trading volume of approximately $3.68 billion. The recent price decrease is primarily attributed to heightened volatility amid ongoing SEC legal uncertainty, anticipation around a potential U.S. spot XRP ETF, and significant institutional activity including large treasury allocations and increased open interest. Additional factors influencing market sentiment include Ripple’s acquisition of Hidden Road, major tokenization initiatives on the XRP Ledger, and global economic tensions that contributed to a 6% price drop earlier in the week.