XRP Dips 4% Amid Ripple v. SEC Uncertainty as Futures Traders Bet on Legal Outcome

XRP is currently trading at $2.2090 on Binance, reflecting a 4.06% decline over the past 24 hours, with trading volume remaining robust and the asset maintaining a strong position among major cryptocurrencies. The recent price decrease is primarily attributed to ongoing uncertainty surrounding the Ripple v. SEC lawsuit, as the SEC's lack of new developments during its latest closed meeting has increased market pressure and volatility; heightened trading activity, including over 70% of open XRP futures contracts on Binance being long, suggests that traders are positioning for potential outcomes from the legal proceedings and upcoming regulatory decisions, which remain the key drivers of short-term price action.