XRP Drops 4.74% Amid Regulatory Uncertainty and SEC ETF Approval Odds Decline

XRPUSDT declined by 4.74% over the past 24 hours, dropping from a 24h open of 2.2435 to a current price of 2.1372. This price decrease is primarily attributed to heightened market uncertainty ahead of key regulatory deadlines, particularly regarding the pending approval of a spot XRP ETF by the U.S. SEC, which saw approval odds fall by about 10% in early June. Additional factors include ongoing legal proceedings involving Ripple and the SEC, which continue to weigh on institutional sentiment and limit bullish momentum despite recent positive developments such as the launch of XRP futures ETFs and increased whale accumulation.

Currently, XRP is trading near $2.14 with a 24-hour trading volume close to $4 billion, reflecting robust liquidity but also significant volatility as the market awaits further regulatory clarity and resolution of legal matters.