XRP Slides 4.21% Amid $6B Market Cap Drop, Yet Institutional Moves Signal Long-Term Confidence

XRPUSDT experienced a 4.21% price decline over the last 24 hours, falling from a 24h open of $2.2035 to $2.1107 on Binance, amid heightened selling pressure that broke key support levels and triggered a descending channel pattern. The drop was preceded by significant volume spikes and a 20% decrease in trading volume to $2.08 billion, reflecting reduced market participation as traders reacted to ongoing global market volatility, a sharp $6 billion decrease in market capitalization, and uncertainty surrounding the Ripple vs. SEC legal case. Despite short-term bearish momentum, institutional developments such as Webus International’s $300 million XRP treasury filing and Ripple’s continued integration with traditional finance signal underlying long-term confidence in XRP’s utility.