XRP Slides 6% as SEC Uncertainty and ETF Hopes Weigh on Price Despite Strong Ecosystem Growth

XRPUSDT is trading at 2.1114 on Binance, reflecting a 6.01% decline over the past 24 hours from a 24h open of 2.2465. The price drop is primarily attributed to cautious market sentiment ahead of the anticipated June 16 SEC report, ongoing legal uncertainty surrounding Ripple’s case with the SEC, and a recent decrease in optimism regarding imminent XRP ETF approval, as seen in fluctuating prediction market odds. Despite positive ecosystem developments—such as Ondo Finance’s integration with the XRP Ledger, continued institutional adoption, and Ripple’s grant initiatives—regulatory overhang and profit-taking after recent rallies have contributed to the current downward pressure. Trading volume remains robust, and XRP continues to trade within a well-defined range as investors await further regulatory clarity and potential catalysts.