XRP Dips 3% After CME Futures and ETF Debuts; Market Eyes SEC Spot ETF Decision

XRP is currently trading at $2.3302, with a 24-hour trading volume of over $4.1 billion and a 24-hour price change of -3.38%, reflecting a decline from the previous open of $2.4118. The recent price movement follows significant developments, including the launch of CME XRP futures on May 19, 2025, and the debut of the first U.S. XRP futures ETF (XRPI) on Nasdaq on May 22, both of which initially boosted institutional interest and market optimism. However, the price pullback in the last 24 hours appears to be influenced by profit-taking after these major events, ongoing anticipation of a spot XRP ETF decision by the SEC, and mixed technical signals such as declining network activity despite continued whale accumulation. Overall, the market remains active and sentiment is cautiously optimistic, with regulatory outcomes and further institutional adoption likely to drive future price action.