XRP Dips 2.83% Despite U.S. Futures ETF Launch and Strong Institutional Momentum

XRP is currently trading at $2.3511, down 2.83% over the past 24 hours from an open of $2.4195, with a 24-hour trading volume of approximately $4.16 billion and a recent market capitalization of around $121.6 billion. The price decline is attributed to a combination of factors, including profit-taking after recent ETF-related optimism, broader market volatility, and XRP's underperformance relative to the overall crypto market despite positive developments such as the launch of the first U.S.-based XRP futures ETF, ongoing speculation about spot ETF approval, and Ripple’s legal win over the SEC. While institutional interest and ETF momentum remain strong, increased exchange reserves and cautious sentiment have contributed to short-term selling pressure.