XRP Faces 2.66% Drop Amid Ripple Acquisition Rumors, Token Unlock, and SEC ETF Decision

XRP is currently trading at $2.2901 with a 24-hour trading volume of approximately $1.63–1.64 billion and a market capitalization around $134.4 billion, reflecting a 2.66% price decrease over the past 24 hours based on Binance data. The recent price decline and heightened trading activity are attributed to several factors: a notable drop in on-chain payment and trading volumes following reports of Ripple’s potential acquisition bid for Circle, anticipation of Ripple’s upcoming 1 billion XRP token unlock, and market focus on the imminent SEC decision regarding a spot XRP ETF. Despite these pressures, XRP remains a leading cryptocurrency by market cap, with increased institutional and whale activity observed ahead of key regulatory and supply events.