XRP Dips 2.21% Amid Whale Moves, $10B Volume Surge, and ProShares ETF Launch Anticipation

XRPUSDT experienced a 2.21% price decrease over the last 24 hours, with the current price at 2.8945 USDT and a 24-hour open of 2.9600 USDT, according to Binance data. The recent price movement is attributed to a combination of factors: significant whale activity and increased futures open interest, which previously drove XRP close to $3, alongside heightened spot trading volumes and anticipation surrounding the upcoming ProShares XRP futures ETF launch on July 18. Additional developments such as Ripple's expanding stablecoin operations, the establishment of Ripple Payments Europe SA for MiCA compliance, and new institutional partnerships have contributed to overall market activity. Despite the recent pullback, XRP remains the third-largest cryptocurrency by market capitalization, with a 24-hour trading volume exceeding $10 billion and a circulating supply of approximately 59.13 billion coins.