XRP Holds $2.30 Support Amid 4% Dip as U.S. XRP Futures ETF Debuts and Institutional Interest Grows

XRP is currently trading at $2.3355 with a 24-hour trading volume of approximately $3.86 billion, and a circulating supply of 57.76 billion tokens, resulting in an estimated market capitalization near $135 billion; the price has declined by 4.08% over the last 24 hours, opening at $2.4348 and finding strong support in the $2.30–$2.34 range. The recent price decrease is attributed to a combination of profit-taking following a period of significant gains earlier in Q1 2025, subdued price momentum despite the launch of the first U.S.-listed XRP futures ETF (XRPI) on Nasdaq, and ongoing delays by the SEC in approving a spot XRP ETF, even as Ripple’s legal clarity and ecosystem expansion have increased institutional interest and open interest in XRP futures to $2.2 billion.