XRP Drops 3% as Whales Sell 470 Million Tokens, Ripple Partnerships and Ledger Update Offer Support

XRPUSDT experienced a 3.05% price decrease over the past 24 hours, with the current price at $2.8201 according to Binance. The decline is primarily attributed to significant profit-taking by whale investors, who sold approximately 470 million XRP tokens in the last 10 days, and broader market sentiment influenced by hawkish FOMC minutes. Despite the selling pressure, positive developments such as Ripple’s new partnerships for RLUSD stablecoin, ongoing collaboration with SBI for RLUSD rollout in Japan, and anticipation of an XRP Ledger update have provided some support to the price. Trading volume remains robust at around $4.9 billion, with XRP’s market capitalization near $168.16 billion and a circulating supply exceeding 59.4 billion coins. The asset has shown resilience, bouncing from a low of $2.82 and trading within a $2.82–$2.92 range in the last 24 hours.