XRP Price Dips 2.1% Amid Ripple Transfers and Canadian ETF Launch, Trading Volume Surges

XRPUSDT is currently trading at $2.1487 on Binance, reflecting a 2.10% decrease over the past 24 hours from a 24h open of $2.1947. The price decline follows significant market events, including large-scale XRP transfers by Ripple, which contributed to increased selling pressure and short-term volatility. Despite the launch of two spot XRP ETFs in Canada and heightened institutional interest, the immediate market reaction has been a pullback after a prior surge on ETF news. Trading volume remains elevated, indicating active market participation, while the concentration of large holders and ongoing developments in ETF and futures markets continue to support long-term institutional engagement. Overall, XRP is experiencing high trading activity and price consolidation, with recent movements closely tied to major on-chain transactions and new financial product launches.