XRP Holds $2.30 Support Amid SEC Delays, Futures ETF Launch, and $4B Trading Surge

XRP is currently trading at $2.3337 on Binance, down 3.86% over the past 24 hours from an open of $2.4274, with a 24-hour trading volume near $4 billion and key support holding at $2.30. The price decline is primarily attributed to ongoing regulatory uncertainty, including the SEC's delayed decisions on XRP spot ETF applications and a recent court decision to deny the SEC’s proposed settlement in the Ripple vs. SEC case, as well as technical selling pressure near the $2.40 resistance level and increased market volatility. Despite positive developments such as the launch of the first U.S.-based XRP futures ETF and strong investor interest in XRP-linked products, bearish chart patterns and unresolved legal matters have contributed to the recent downward price movement.