XRP Sees 3.39% Drop Amid $3.6B Volume Surge, Institutional Moves and SEC Review Fuel Volatility

XRP is currently trading at $2.1907 on Binance, down 3.39% over the past 24 hours with a significant increase in trading volume to approximately $3.33–$3.68 billion and a market capitalization of $128.5 billion, reflecting heightened volatility. The recent price decline is primarily attributed to global economic tensions and a high-volume selloff following a U.S. court ruling that impacted broader markets. Despite the downturn, institutional interest remains strong, highlighted by VivoPower's $121 million XRP treasury reserve initiative and Ripple's acquisition of Hidden Road, which is expected to integrate Ripple’s RLUSD stablecoin and migrate post-trade operations to the XRP Ledger. Additionally, developments such as the SEC’s ongoing review of XRP spot ETF applications and Ripple’s settlement with the SEC are contributing to increased market activity and attention.