XRP Slides 2% After $2.32 Rejection Amid Market Uncertainty and Major 26.6M Token Transfer

XRP declined by 2.04% over the past 24 hours, opening at 2.1676 and currently trading at 2.1234 on Binance. The price drop is primarily attributed to ongoing bearish sentiment following a recent rejection at the $2.32 resistance level, continued consolidation below $2.20, and heightened market uncertainty driven by global geopolitical tensions and anticipation around regulatory developments, including the recent joint motion by Ripple and the SEC. Additionally, a large transfer of 26.6 million XRP to Coinbase from an unknown wallet may have contributed to selling pressure. Despite the pullback, XRP maintains strong trading activity with a 24-hour volume around $5.35 billion and a circulating supply of approximately 57.76 billion tokens, keeping its market capitalization near $26.88 billion.