XRP Holds Firm Near $2.24 Amid ETF Launches, EVM Sidechain Hopes, and Awaited Ripple Lawsuit Outcome

XRPUSDT is trading at 2.2440, down 2.84% over the past 24 hours from a 24h open of 2.3095, with the price movement largely attributed to a lack of immediate catalysts despite recent positive developments such as the upcoming XRPL EVM sidechain, new institutional products (including the first XRP spot ETF in Brazil and CME Group XRP futures), and ongoing optimism around regulatory clarity and cross-border payment adoption. While these long-term factors have strengthened sentiment and supported robust trading volume between $2.67 and $3.17 billion, the market remains range-bound as traders await further progress on high-impact events like the Ripple lawsuit resolution or ETF approvals, resulting in moderate downward pressure and cautious trading activity. Market capitalization stands between $132.7 and $135.1 billion, with XRP showing resilience but limited short-term momentum.