XRP Dips 2.5% Amid Rising Exchange Reserves Despite Futures ETF Launch and Legal Win

XRP is currently trading at $2.3671 on Binance, down 2.52% over the past 24 hours from an opening price of $2.4283, with 24-hour trading volume ranging between $3.67 billion and $4.14 billion and a circulating supply of 58.69 billion XRP. The recent price decline can be attributed to increased exchange reserves, which may signal potential selling pressure, despite positive developments such as the launch of the first XRP futures ETF on Nasdaq, Ripple’s legal victory with the SEC, and the introduction of euro-backed stablecoins on the XRP Ledger. While these events have improved institutional access and regulatory clarity for XRP, short-term price action remains subdued as the market consolidates and digests these significant updates.