XRP Slides 2.7% Despite Nasdaq ETF Debut and Bullish Signals; Spot ETF Decision Looms

XRP is currently trading at $2.3699, down 2.70% over the past 24 hours, with a 24-hour trading volume of approximately $3.98 billion. Despite recent positive developments—including the launch of the first XRP futures ETF on Nasdaq, Ripple’s favorable SEC resolution, and increased institutional activity—XRP’s price has declined, reflecting a muted market response. The price decrease is attributed to profit-taking after recent highs, ongoing macroeconomic uncertainties, and some lingering political hesitancy, even as technical indicators remain generally bullish and whale activity signals continued institutional interest. The upcoming decision on a potential spot XRP ETF remains a key catalyst that could influence future price action.