XRP Drops 4.69% Amid US Seizure Rumors, ETF Approval Odds Surge Past 90%

XRPUSDT experienced a 4.69% price decline over the last 24 hours, opening at 2.1423 and currently trading at 2.0419 on Binance. The primary driver of this drop appears to be rumors regarding potential US government seizure of Ripple’s escrowed XRP, which triggered market uncertainty and a short-term sell-off, despite legal experts publicly refuting the claims. Additional market volatility was influenced by ongoing legal proceedings between Ripple and the SEC, though recent filings suggest a possible acceleration toward regulatory clarity. Meanwhile, optimism persists due to Bloomberg analysts reporting over a 90% probability of spot XRP ETF approval, and the XRP Ledger achieved a new milestone with 5.1 million transactions processed in 24 hours. XRP remains one of the largest cryptocurrencies by market capitalization, with trading activity reflecting both heightened speculation and institutional interest.